Apartment building, Berlin, Germany

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Apartment building, Berlin, Germany

7,200,000 €
3,106 € /m²
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  • Total area
    2,318 m²
  • Yield
    3.1%
Details
Financial performance
  • Annual income: 225,564 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Apartment building with commercial premises on a ground floor near the center of Berlin.

Description

The residential area of a building is 1,880 m².

The commercial area is 439 m².

There is a permission for the construction of a mansard floor with 16 apartments with a total area of 440 m².

Financial performance

Absolute annual income is 225,564 €.

The current yield of 3.1%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.0%.

The broker's fee of 6%.

Location and nearby infrastructure

The house is located in the Friedrichshain district. A public transport stops, a metro station, shops, restaurants and bars, a gym and a supermarket are situated in a walking distance from the building.

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

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a apartment building purchase with a construction loan

Investment vehicle
Apartment building
Construction loan
Yield per annum
3.1%
8—10%
Investment budget
7,200,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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    Andrei Burak,
    investment specialist
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