Commercial center, Berlin, Germany

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Commercial center, Berlin, Germany

3,400,000 €
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Total area: 1,294 m² Yield: 3.8% Built in 1898
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Features
  • Operating Incomе: 127,843 €
  • Land area: 1,168 m²
  • 3-floor building
  • Occupancy: 100%
  • Number of parking lots: 11
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 7.1%

Building with office and residential premises.

Description

The total area of the building is 1,294 m²

The house consists of 6 apartments and 4 offices.

The area of the residential premises is 361 m²

The area of the offices is 933 m²

There is a possibility to increase the area of the building up to 1,879 m² by the construction of an attic floor.

The building was built in 1898 and now is in a good condition.

The purchase price of the property includes 11 parking lots in the inner courtyard of the building.

All premises are leased out.

The energy consumption level is 173.7 kW*h/ m².

Financial performance

Absolute annual income is 127,843 €.

The current yield of 3.8%.

Projected absolute annual income is 198,043 €.

The projected yield of 5.8%.

Tenants

The anchore tenant is a candy shop. The lease agreement is valid until 31.12.2020 and includes an extension option for 5 years.

Other tenants are two fashion centers and a dental office.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

Brokerage fee is 7.14%.

Location

The building is located on the shopping street in the district of Tegel. There are shops, a shopping mall, public transport stops, a Metro station and a railway station are situated in proximity from the property.

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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Olga Starintseva
Olga Starintseva
Investment Consultant at Tranio
+44 17 4822 0039
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