Street-retail in the center of Berlin, Germany

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Street-retail in the center of Berlin, Germany

3,137,000 €
8,277 € /m²
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  • Total area
    379 m²
  • Yield
    4.0 %
  • Rental rate (m²/month)
    27 €
Details
Property parameters
  • Total premises: 3
  • 1 floor
Financial performance
  • Annual income: 125,469 €
Tenants
  • Fully let
  • End of lease: 2024
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 6.0 %
  • Broker: 6.0 %
Features
  • Street retail

Three retail units in Berlin-Mitte.

Description

The total floor area is 379 m², of which:

  • the first unit is 179 m²;
  • the second unit is 62 m²;
  • the third unit is 138 m².

The properties are situated on the ground floors of two neighboring buildings.

Each unit has a storage room in the basement.

All areas are leased out to three tenants.

Financial performance

Absolute annual income is 125,469 €.

The current yield of 4%.

Tenants

Tenants are cafe, bicycle shop and children goods shop.

The lease agreement with cafe is signed 5 years until 2023 with extension option for 5 years.

The lease agreement with a bicycle shop is signed for 5 years until May 2024 with the extension option for 5 years. The shop has been leasing the property since 2014 and has already used the first extension option.

The lease agreement with children goods shop is signed for 5 years until 2021 with extension option 5 years. The shop also rents two parking lots.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

The brokerage fee is 6% + 19% VAT (in total 7.14%).

Location

The property is situated in the retail corridor in the center of Berlin. Public transportation and metro stations are in the neighborhood.

Berlin is the capital of Germany with the population more than 3.7 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.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other retail space for sale in Germany.

You can see more retail space for sale in Mitte elsewhere on our website.

Statistics in Berlin

Price per m², €
5,851
Healthcare efficiency level
69
Index 69 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
60
Index 60 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 5,851.17
Apartment in a bedroom community, m² 3,876.17
Transport Price, €
Public transport, 1 ride 2.8
Monthly travel card 81.0
Taxi, 1 km 2.0
Petrol, 1 l 1.44
Food Price, €
Water, 1.5 l 0.52
Milk, 1 l 0.78
White bread, 500 g 1.3
Eggs, a dozen 1.94
Chicken fillet, 1 kg 7.56
Education Price, €
Kindergarten, per month 192.67
International school, per year 7,790.42
Health care index
Staff competence 74.17
Medical equipment 82.8
Research accuracy and completeness 72.71
Attitude towards patients 62.82
Security index
Crime rate 40.98
The risk of being robbed 37.75
The risk of car theft 36.09
The risk of break-in and property damage 51.74

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Anna Kurianovich
Anna Kurianovich
Investment consultant in Mitte
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