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Luz 1 & Luz 2

For buy-to-let investors & owner-occupiers: Attractive apartments in the Elstal Olympic Village

Facts

Location
Zum Olympischen Dorf in 14641 Wustermark
Type
New-build
Purchase price
from €6,950 / sqmcommission-free for the buyer
Units
55 apartments (first marketing phase)
Living space
c. 54 – 118 sqm
Rooms
2 – 4

Highlights

01Residential complex “Luz-Long” in the G.O.L.D. quarter in the former Olympic Village in Elstal
02Attractive condominiums for buy-to-let investors and owner-occupiers
03Units in fully renovated Luz 1 & Luz 2 apartment buildings available in first sales phase
0455 suites & penthouses with roof terraces, terraces, loggias or balconies, plus a commercial unit
05High-quality fixtures and fittings to new-build standard with modern floor plans
06Rental security and initial letting possible via rental pool
07Completion by 31.12.2025, original buildings constructed in 1936

Building

Welcome to Luz 1 & Luz 2

Nestled in the landscaped greenery of the former 1936 Olympic Village, the “Luz Long” complex boasts 250 apartments and commercial units and is being built as on component of the G.O.L.D. Garden City Olympic Village quarter. In the first sales phase, the two fully renovated apartment buildings “Luz 1” and “Luz 2” with 55 condominiums are being offered. The suites and penthouses are being developed to the highest modern living standards to create attractive living space for singles, couples and families. The G.O.L.D. quarter has been under development since 2018 on approximately 100,000 sqm, blending new construction and renovations of existing buildings.

The 2- to 4-room condominiums have the kind of modern floor plans and contemporary furnishings that are guaranteed to make residents feel at home. The compact apartments appeal primarily to singles and couples, while the spacious apartments with open-plan living/dining areas and multiple bathrooms are deal for families. Extensive green and recreational areas for young and old are perfectly designed as spaces to come together and socialize. The extension of the noise protection barrier along the B5 freeway ensures that the new residential area remains as quiet as possible. Since the existing buildings Luz 1 & Luz 2 are located in the redevelopment area, buyers may benefit from the depreciation provisions of Section 7h of the German Income Tax Act (EstG).

  • selection of apartment types for singles, couples and families
  • oak parquet flooring, designer bathrooms
  • modern building services and elevators
  • above ground parking
  • rental security via rental pool
  • optional renting and management service from cimova Immobilien GmbH
  • sports field and playgrounds for community use
  • landscape planning atelier VAN GEISTEN
  • car-free zones
  • heating provided by a combined heat and power plant
  • bicycle parking spaces
  • depreciation according to Section 7h EstG (for existing buildings)
  • basement
More

The 2- to 4-room condominiums have the kind of modern floor plans and contemporary furnishings that are guaranteed to make residents feel at home. The compact apartments appeal primarily to singles and couples, while the spacious apartments with open-plan living/dining areas and multiple bathrooms are deal for families. Extensive green and recreational areas for young and old are perfectly designed as spaces to come together and socialize. The extension of the noise protection barrier along the B5 freeway ensures that the new residential area remains as quiet as possible. Since the existing buildings Luz 1 & Luz 2 are located in the redevelopment area, buyers may benefit from the depreciation provisions of Section 7h of the German Income Tax Act (EstG).

  • selection of apartment types for singles, couples and families
  • oak parquet flooring, designer bathrooms
  • modern building services and elevators
  • above ground parking
  • rental security via rental pool
  • optional renting and management service from cimova Immobilien GmbH
  • sports field and playgrounds for community use
  • landscape planning atelier VAN GEISTEN
  • car-free zones
  • heating provided by a combined heat and power plant
  • bicycle parking spaces
  • depreciation according to Section 7h EstG (for existing buildings)
  • basement
More

Neighborhood

Elstal – livable, close to nature and forward-looking

The municipality of Wustermark – and in particular the district of Elstal – have experienced strong economic and population growth in recent years. The area’s proximity to Berlin and to Brandenburg’s state capital Potsdam, quality of life, jobs in future-proofed industries, plus excellent local infrastructure, are all combining to attract a growing number of people to Berlin’s surrounding regions and making the location attractive for investors.

  • residential area with high quality of life
  • Elstal train station 5 minutes by bike
  • 24 mins. to Berlin main station by RE4 regional train
  • 30 mins. to Ku’Damm by car
  • 30 mins. to downtown Potsdam by car
  • 5 mins. to countryside destinations, e.g. Döberitzer Heide
  • schools and day-care centers nearby
  • shops for daily needs close by
  • high recreational value
  • growth region surrounding Berlin
  • forecast: population growth of 69% in Elstal by 2035
  • logistics hub with companies incl. Amazon, Nagel, DHL, and dm Drogeriemarkt
More
Karls Erlebnis-Dorf

Do you have any questions or are you interested in finding out more about this project? Then we look forward to hearing from you.
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