Already refunded

Kärntener Straße 8

Berlin

Return

6% p.a.

Duration

12 months

Project type

Growth

Distribution

Yearly

Notice according to § 12 (2) Vermögensanlagengesetz

This investment involves considerable risk and may result in partial or total loss.

Project Presentation

The building was constructed between 1899 and 1900 according to the plans of the architects Eckert and Danneberg. The building, with five full storeys and an attic storey, impresses towards the street with its stepped gable crowning the central axis and decorated with volutes. In the rear part follow two inner courtyards with two side wings, a transverse building and a shed. The letters "Bäcker-Innung Berlin" on the street façade refer to the traditional mixed use of the house as a residential and commercial building. Today it is one of three protected architectural monuments in the Kärntener Straße.

With the greatest respect for the history of the house and its architecture, the building sections are being renovated. In the future, too, there will be a mixed use of living and studios. Exterior stairs in the rear courtyards, balconies and terraces will provide a more relaxed appearance. The entire common property will be tastefully and functionally renovated by the owner.

Financials

Land (incl. service charges)
6.655.936 €
Planning costs
70.000 €
Construction costs (including ancillary construction costs)
1.640.000 €
Other costs
232.320 €
Financing costs
476.875 €
Total Investment
9.075.131 €
Sales revenues
11.138.880 €
Gross project profit
2.063.749 €

Finance Structure

Location

Modern - Urban - Exclusive - Central

The Berlin district of Schöneberg emerged from the village of the same name. With the expansion of Berlin in the "Gründerzeit" at the end of the 19th century, the importance of Schöneberg as a new settlement area also grew.

Couples, young families and singles feel at home in Schöneberg: monuments and history here, local recreation and culture there, and a perfect infrastructure at the same time. An ambience in which you can let your soul dangle, so that you can be right at the pulse of time the next moment.

Jogging through the nearby Rudolf Wilde Park, a popular oasis in the middle of the turbulent city. Just behind the park you can mingle twice a week in the town hall forecourt. Entertainment is provided by the ODEON cinema and the numerous restaurants and bars in the surrounding area on the neighbouring main street. Or you can stroll through the "Red Island", the famous eastern part of the city with its historic, 80-metre-high gasometer. Discover your Schöneberg!

Rating

B
CategoryRatingPoints
LocationPrimary
1
VacancyVacant
3
Development StageRehab
2
Track Record€50-249 million developed
2
Asset TypeResidential
DurationUp to 18 months
1
Existing Bank FinancingNo
1
Pre Sales>20%
1
Total
11
B
Rendity Rating are for informational purposes only. Real estate projects may fail. In the worst case, even the total loss of the invested capital can occur. You should therefore only invest funds you can afford to lose. Moreover, funds should be spread across various projects (diversification). Please note the respective documents for each project as well as the Risk Notice.