Description
The building of about 1,800 m² consists of about 30 apartments with areas from 40 m² to 110 m².
Some flats have balconies.
The plot area is about 2,000 m².
The building has 3 entrances and an attic of about 450 m².
There is a garden and a bicycle shed.
The current annual income is 137,300 €.
The expected annual income is 166,727 €.
The current yield is 2.83%.
The expected yield is 3.44%.
About 90% of the property are let (3 flats are vacant).
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 a quiet street of Lankwitz area, near a park 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.