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.

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Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Steglitz-Zehlendorf
+44 20 3608 1267
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