Concentrating on the essentials while exploiting the maximum possibilities – this is the maxim of the concept behind Fox Cube. Compact residential units, furnished on request, in up-and-coming neighborhoods with outstanding infrastructure and rapid access to the city centre. The apartments are compact, intelligently designed and tailored to the needs and wants of modern city dwellers looking to enjoy urban life to the full. These are living spaces that adapt to the lifestyle of their residents. And it’s not only residents who benefit, so do investors.
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Strong demand for compact apartments
In Berlin, 49.1% of the population live in single-person households: Berlin is Germany’s undisputed capital of singles. Commuters, project workers, students – they all need living space and it is a well-known fact that housing is in short supply in Berlin. In order to live affordable, many people are reacting by economising on space. As a result, demand for intelligently designed 1-room apartments is high and set to remain so for man years to come.
KfW-funded: EUR 18,000 redemption grant
FOX CUBE has been developed to KfW-55 energy-efficiency standards. Thus, buyers benefit from the extremely attractive subsidy programme 153, which rewards energy-efficient construction. Since 2020, buyers have been able to obtain a promotional loan of up to EUR 120,000 per apartment, effectively paying only 0.75% interest and receiving an additional repayment subsidy of EUR 18,000.
Attractive rental yields of up to 4.5% p.a.
Compact living spaces equal relatively high rents . This is because residents have everything they need in the most efficient space. Net rents (excluding heating/utilities) start at EUR 513 per month and average EUR 698 per month . Thus, landlords profit from achivable rental yields of up to 4.5% p.a. These are not fantasy rental expectations, they are based on specific commitments by a commercial tenant who wishes to rent the apartments after completion. The final decision lies with the buyer.
Excluded from the Berlin rent cap
The Berlin rent cap does not apply to FOX CUBE because new-build apartments that were ready for first occupancy after 1 January 2014 are exempted from the rent cap. This means that you, as one of the apartment’s owners, can charge a market rent and don’t need to worry about declining rental returns.
A commercial tenant has already agreed to rent all of the apartments in FOX CUBE at guaranteed net rents. All apartment yields are calculated on the basis of these net rents. As an investor, you have the security of knowing a tenant is already lined up when you buy an apartment. At the same time, this is only an offer and you are under no obligation to accept it.
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FOX CUBE am Löwenberg, a stuning new apartment building, is now being developed in the north of the Weitling neighbourhood at the intersection of Alt-Friedrichsfelde and Löwenberger Straße. Each of the 90 apartments are equipped with cubic balconies to the street-front facade. The apartments are spread over six floors and one recessed penthouse floor. Natural light fills the apartments and enhances the intelligent design. Ths is where less really is more!
One foot out of the door and you’re already in the heart of the action, just moments from the trendy Weitling neighbourhood, which boasts an exciting selection of cafés, bistros and small shops.