Lehderstr 71 is the perfect first time investment in Berlin. The building is located in Weissensee, just a few moments from Prenzlauer Berg, which is widely regarded as Berlin’s most fashionable district.

Weissensee itself is famed for its grand architecture, parks and leisure facilities however prices in Weissensee are about 20-25% less than Prenzlauer Berg. The sharp increase in demand in recent times has resulted in a steady increase in rents and the area has gone from strength to strength in the past three years.

By purchasing in Lehderstr 71 you get Prenzlauer Berg convenience at a fraction of the price.


Investment Criteria

• Superb Location
• Each apartment is Fully LET
• Building upgrades will increase rents in 2009/10
• 5yr Building management agreement
• Property prices rising due to proximity to Prenzlauer Berg
• Pricing from €41,000 to suit first time investors

Location

Lehderstr 71 is located on a quiet street, 150m’s from Prenzlauer Allee, one of Berlin’s main streets, and a short walk from Prenzlauer Berg’s centre with it's chic restaurants and bars. The district continues to grow in popularity as people seek to find a location which balances the buzz of central city life urban life and peaceful seclusion of a quiet city street.

Transport Links

Lehderstr 71 is excellently serviced by public transport; the nearest tramline (M2), which runs directly into Alexanderplatz, is a mere 150m’s stroll from lehserstr 71.

Building Information

The building consists of 2 four storey buildings separated by a courtyard. In total there are 27 residential apartments (14 studios & 13 one beds), of which a number have terraces which overlook the street. The rear building has uninterupted views of the TV Tower and the city centre. The central courtyard offers a green oasis for residents with a childrens play area.

During the second half of 2008/early2009 Lehderstr 71 will benefit from a comprehensive programme of building upgrades. The building will remain occupied during this time and apartment purchasers will continue to receive rental income during this time.

The building upgrades include:

• Upgraded building facades
• Upgraded common areas
• Landscaped courtyards
• Landscaped rear garden & children’s play area
• Addition of large penthouse apartments

Apartment Management

The building will be fully managed by Axium, RealReturs partner in Berlin. Axium will be responsible for the complete operation of the building including the payments of all invoices, day to day management, tenant relations and rent collection for each apartment in Lehderstr 71. A unique pooled rental system will also be in operation. The rental income in the building will be pooled and therefore each owner will receive a % of the total rent equal to % their apartment makes of the total building. Apartments in this development begin from €41,000 and with demand currently high, we urge investors to contact us without delay by completing the inquiry form below.