Birkbusch Haus is a landmark Berlin property development for Germany
Jun - 05 | 
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German Property, New Developments
As the German Economy shows signs of revival and the advent of the World Cup 2006, increased direct flights are making Berlin the latest focus of attention for overseas property investors. Germany’s capital city offers investors access to a stable letting market and which currently offers historically low valuations and attractive yields when compared with UK and Irish property.
Being developed by a Irish-owned Capital Invest, Birkbusch Haus is a listed four-storey Gothic-style redbrick landmark property set in the mature residential district in the former west Berlin-Steglitz offering buyers a prime real estate opportunity. Just a ten-minute walk from a public transport hub with the underground U-Bahn and the light rail S-Bahn systems, Berlin’s second most popular shopping street, Schloss Strasse is also close by. There is also easy access to the new motorway and Berlin Brandenburg Schonefeld Airport is about 25 minutes drive away.
The plans are to restore and redevelop the building into 49 residential mostly loft-style apartments and duplex penthouses including 12 four-bedroom townhouses sited on the grounds of the main building. The average size of the two bedroom apartments is 85sqm (916 square feet) with an average price of €160,750. 33 sqm Studios start at just €64,000 rising in line with size and building location. Bathroom fittings are included as standard but kitchens and appliances are extra with a package available for €8,000. The property is anticipated to provide investors with a rental yield of approximately 5%.
Currently being marketed off-plan as strong buy-to-let opportunities. A 10% deposit is payable on exchange of contracts with the balance due on completion in mid-2007. The redevelopment is scheduled for completion by next spring 2007.
The luxury apartments in Birkbusch Haus are being marketed by Dublin-based investment property services The German Property Centre. The project will be officially launched to Irish investors at exhibition this weekend 9th – 11th June at St Helen’s-Radisson Hotel in Stillorgan, Co. Dublin. For further details on the project or to attend the exhibition seminar please contact the German Property Centre by email for further details.