Property in the Tiergarten from €80,659 (GBP 55,100 approx.)
It’s not often that one has the opportunity to acquire well priced property in a top location in the capital city of one of the world’s leading economies. Dortmunder Strasse is one of those rare opportunities. Situated in the prestigious Tiergarten in the heart of the German capital, this project offers property investors a secure buy-to-let investment that should appreciate well as Europe’s largest economy continues its comeback. The project is made up of 32 apartments in a classical ‘turn of the century’. All units offer investors immediate rental returns.
The Project
Dortmunder Strasse 3 comprises 32 apartments situated within a classical building first constructed in 1900. The building has been modernised in 1990 and the façade is currently undergoing renovation to restore it to its original ‘turn-of-the century’ style. There is a garden situated in the courtyard typical of many classical properties on the continent. Apartments in the project range from studios at 30 sqm up to 3 bedroom units at 112 sqm.
The Location
Dortmunder Strasse is located in the famed Tiergarten district. This is the very heart of Berlin. The Tiergarten is characterised by its spectacular park which occupies a large proportion of the district. This along with its numerous treelined streets and avenues makes this the greenest district in Berlin. The area features the celebrated Victory Column located on the Western access of the avenue that leads up to the infamous Brandenburg Gate. As Tiergarten is in the centre it places this development within walking distance of all city centre amenities including the main shopping thoroughfare the Ku-Damm, the metro, the train, supermarkets and much more.
This area is also one of the most prestigious in the city. The specific area around Dortmunder Strasse promises to become akin to the Kensington part of London within the next five years.
Metro |
5 mins by foot |
Supermarket |
5 mins by foot |
Airport |
25 mins by car |
Restaurants |
5 mins by foot |
Train Station |
10 mins by car |
School |
10 mins by foot |
Alexanderplaz |
10 mins by car |
Park |
5 mins by foot |
Investment Information
Aside from its location in the Tiergatrten, Dortmunder Strasse is a complete turnkey investment. Units are sold with tenants already resident. Rental is guaranteed at €5.50 per sqm per month. In the event of a tenant vacating the property there is a rental pool in place to compensate the owner until the unit has been re-tenanted. The rental guarantee is usually "all inclusive". This provides for a hassle-free style of investment, as the management company takes care of all the day to day running and maintenance of your property and will involve very little intervention on your behalf. This is attractive to the overseas investor interested in capital appreciation who may not want to get too involved until the time comes to resell the property.
While the guaranteed rental option offers investors security the strategy for investing in this project is to benefit from long-term growth. Official capital appreciation figures for Berlin are at 2-3%. However we are noticing a much steeper rise in property prices over the last 6 months. This is partially due to a renewed interest in German property from not only the Germans but also from international investment companies banking on quicker rises in property values due to better than expected economic results.
Property Prices
Dortmunder Strasse is extremely well priced for its location.
Prices per sqm are between €1,576 and €1,756.
Unit prices are between €72,000 to €202,000*
Apartments range in size between 40sqm and 112 sqm
*Prices are correct at time print and are subject to availability.
In the heart of Berlin!
