Located in Berlin-Lichtenrade, one of the most prestigious residential areas of southern Berlin. The area is renowned for its exclusivity and is home to an array of luxury villas and properties of high quality. Hilbert Strasse is a beautifully quiet, tree lined street offering easy access and the convenience of the city centre just 15 minutes away. Just 10 minutes due south by car will bring you out of Berlin to the nature parks over the border at Brandenburg. The property, constructed in 1912 was completely refurbished in 2003 to an extremely high standard. No expense has been spared during the renovations which is reflected in the type of tenant occupying the apartments and the rental incomes achieved. The lush private gardens benefit from playground areas as well as a barbeque-station that is frequented by all the tenants during the summer. Luxury living at its finest in Berlin. Berlin is regarded as the prime European capital city for investment. With only 18% of Berliners owning property, there is a huge rental market creating genuine buy-to-let opportunities. Figures show that prices have risen by 7.8% over the last year with the rental index showing increases of 5.8% over the last 24 months. With heavy investment in the city and the recent emphasis on property privatisation, Berlin is considered an attractive and secure option for foreign direct investment. Berlin receives substantial financing from various European Structural Funds intended to bolster the city's economy and infrastructure. This funding will amount to almost 1.3 billion Euros during the six-year grant period ending in 2006. The states of Berlin and the federal government are working together to get an ambitious transportation project off the ground: planned investment of around 2 billion Euros is to expand Schönefeld Airport into a major airport, Berlin-Brandenburg International (BBI). Construction should be completed by 2011. More than 5.1 billion Euros is being invested in restoring Berlin's position as a hub in the European railway network. The tourism sector is rising each year and Berlin is rapidly becoming Europe's most sought after destination for the property investor.