Building with office and residential premises.
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.
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%.
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.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 7.14%.
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.