Lease concept: This unit is marked as ”Social“. It is 25% to 30% cheaper than the standard units at this development project. For the first tenancy the unit has to be let out at a lower rate and thus the yield is lower. However, as soon as the first tenant moves out, it will become a standartd new build unit.
Mitte is the geographical and political center of Berlin, where most famous social and cultural attractions are located. The combination of these beneficial factors has led to strong demand and a rise in sales of both residential and commercial property. This district also has an excellent infrastructure: there are restaurants, cafes, bars, as well as hospitals, supermarkets, schools and kindergartens.