Apartment building in Berlin.
Description
The apartment building includes 10 flats with areas from 29 m² to 111 m².
Building area — 700 m².
Plot area — 400 m².
The building was constructed in 1895 and in an architectural monument.
The annual income is 56,123 €.
The yield is 4.3%.
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 pedestrian street of the western historic district of Spandau. Distance to the city center is about 10 km.
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.