Wilhelminian Palais, Prenzlauer Berg,
1 Bedroom Apartment Development: 115,500 (EUR)
1 Bedroom
1 Bathroom
Apartment Development |
|
Summary
Wilhelminian Palais offers a rare opportunity to investors as only a few period style classical renovations remain in Prenzlauer Berg at off-plan prices.
Projects such as these are high in demand from both potential residents and property investors. Wilhelminian Palais is being restored to the highest standards possible to include a beautiful period façade and stunning interior refurbishment, including stucco ceilings in all apartments (except for the attic units).
The Project
This exclusive property is situated on the celebrated Kastanienalle in the centre of Berlin’s stylish Prenzlauer Berg district. The six-storey residential building, Wilhelminian Palais, consists of a street-side building, side wing and courtyard building in the garden.
The property is now being refurbished with the same love of detail afforded by the original builders.
The property will include one commercial unit and 34 apartments ranging from 34.37m2 to 168.13m2 in size, either with garden, terrace, balconies or roof terraces.
Location
Wilhelminian Palais is located on one of Berlin’s most popular avenues, Kastanienalle, which is in the heart of this city’s most sought after district.
Prenzlauer Berg is one of the only districts that has retained its classical, almost Parisian look and feel. Treelined streets, small intimate squares, green grocers and flower shops are all part of the charm of the area. It is an area that attracts celebrity residents and is where many of Germany’s top politicians live.
All city amenities are within easy reach as is public transport via tram and bus .
Investment
Wilhelminian Palais is exceptionally priced for the type of property, the quality of the build and of course due to its Kastanienalle location.
Properties are priced in this project from €115,500 (£90,000 approx.), which is very favorable when compared with similar quality projects in other key cities.
Reasons to Invest
> The most sought after property type in Berlin
> Located in the popular Prenzlauer Berg district
> Only 34 units available
> Low entry-level price when compared with other capitals
> High re-sale potential due to desirable location and quality
Development Features
> Situated on Kastanienalle in Prenzlauer Berg
> 34 apartments and maisonettes – Tenant free
> Highest quality classical refurbishment
> Beautiful finishes in detailed Berlin Stucco
> Completed in December 2009
> Priced from only €115,500
Reserving your unit
As Wilhelminian Palais is a highly sought after property type for its classical design, finishes and Prenzlauer Berg location, we strongly recommend securing your unit by reservation ahead of visiting Berlin.
> Reservation deposit: €3,500
> Payment terms: stage payments based on refurbishment
> Completion date: December 2009
These property details are supplied by the property developer and as such movewithus takes no responsibility for any inaccuracies within the information. movewithus are introducers of property investment opportunities to UK investors and do not warrant any claims made by the developer. We recommend you seek independent legal advice before proceeding with any investment. All prices are based on exchange rate information provided by xe.com, which is updated daily.
