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    Apartment in Mitte

    360,000 €
    • Total area 64 m²
    • 2 bedrooms
    • 1 bathroom
    • Balcony or terrace

    With an in-place tenant, this 64-sqm, 2-room apartment with balcony on the 1st floor of T. Street 225 represents a rare and attractive investment opportunity on one of Berlin-Mitte’s most popular streets. Ideally located on vibrant Torstraße, this modernized apartment offers easy access to public transport and is surrounded by a host of restaurants and cultural venues, as well as a large number of employers in the immediate vicinity – all factors that enhance the long-term rentability of this this highly desirable apartment.

    Berlin is not only popular, it is also experiencing sustained population growth. This has created a massive surplus of demand for rental units. And according to forecasts, demand is set to remain high for many years to come: the city needs an additional 20,450 residential units every year until 2030. Completions, however, continue to fall short of this target: only 19,000 new apartments were completed in 2019, for example. In the medium term, the housing market is likely to tighten further as the number of building permits issued is already falling and authorities are failing to zone enough new building land, both of which are restricting the pipeline of new housing units.

    • Sustained high demand for apartments: Berlin needs an additional 20,450 residential units p. a. until 2030*

    • Sought-after investment location

    • Steady population growth: net population growth of approx. 20,500 p. a. over the last five years*

    • The start-up capital of Europe

    *Source: JLL Residential City Profile, H1 2020

    T. Street225 – Berlin’s eventful history is omnipresent here. The property is located at the western end of Torstraße, a large axis in Berlin-Mitte, which illustrates the contrast between East and West, old and new, chic and unpretentious over a distance of more than two kilometres. From the 18th to the middle of the 19th century, Berlin’s customs and excise walls once stood here. The wall served to monitor trade: at the customs gates, an excise tax was levied on imported goods, the so-called excise duty. Today, these gates again give the street its name (Tor means ”gate“ in English).

    The historical contrasts can still be felt today: on the one hand, the eastern part of the street has an original and rough flair, and on the west side, the street takes on a more dignified atmosphere. The range of dining, retail and culture is just as diverse. The Spree River with Monbijoupark and Friedrichstadtpalast are just a stone’s throw away.

    Keyfacts:

    Floor: 1. OG re

    Rooms: 2

    No. of Floors: 5

    Living Area: 63,52

    Old/New Building: Old building

    Condition: modernisiert

    Balcony/Terrace: Yes

    Cellar: Yes

    Property Type: 1-floor apartment

    YearOfConstruction&nbsp: 1900

    Elevator&nbsp: Yes

    TypeOfHeating&nbsp: Central heating

    Befeuerung/Energieträger&nbsp: Erdgas leicht

    Energy Pass Type: Bedarfsausweis

    Energy Specific Value: 105

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