Four-story apartment building in Berlin.
Description
The apartment building includes 8 flats with a total area of 477 m² and two commercial spaces on the ground floor with a total area of 250 m².
The house has one garage and one open parking lot.
The building is constantly maintained in good condition.
Energy performance certificate:
- energy source: oil
- energy consumption: 199.40 kWh/ m²a
- valid until 24.06.2028
The absolute annual income is 60,437 €.
The current yield is 3,4%.
All flats are leased.
Commercial spaces are leased to a restaurant and a beauty salon.
A lease agreement with the restaurant was signed in 2010 with the possibility of annual renewal.
The lease agreement with the beauty salon is valid until 2024 with the extension option for 5 years.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
The brokerage fee is 6% + 19% VAT (in total 7.14%).
The property is located in the area of Spandau famous for its original old town and ancient citadel on the Spree. There is the embankment, a supermarket, various shops, cafes and restaurants nearby.
Berlin is the capital of Germany with the population more than 3.9 million people.
Within EU Berlin is one of the cities with the highest business activity. About 80% of companies in Berlin work in the services sector. Several large corporations, such as Siemens, Volkswagen, Pfizer and SAP, have headquarters in Berlin.
2 airports of Berlin — Tegel and Schönefeld — serve more than 40 million passengers a year.
Today Berlin is a world cultural center and one of the most visited cities on the continent. The annual number of tourists exceeds 30 million people.