Description
The building of about 600 m² consists of 10 apartments with areas from 53 m² to 66 m².
Each flat has a balcony, a bathroom and a built-in kitchen. PVC windows have been installed.
The plot area is about 540 m².
There is a green area and a parking for 3 cars.
The current annual income is 64,680 €.
The expected annual income is 66,480 €.
The current yield is 3.80%.
The expected yield is 3.91%.
The property is fully let.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
The property is located in the central residential district of Kreuzberg, near major shopping streets, a park, metro stations and public transport stops.
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. The city is home to large corporations such as Siemens, Volkswagen, Pfizer and SAP.
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.
Berlin-Brandenburg Airport serves over 20 million passengers annually.