Apartment building, Berlin, Germany

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Apartment building, Berlin, Germany

2,300,000 €
2,452 € /m²
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  • Total area
    938 m²
  • Yield
    3.7%
  • Built in 
    1897
Details
Property parameters
  • Land area: 860 m²
Financial performance
  • Annual income: 85,385 €
Property status
  • Most recent total renovation: 2017
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Apartment building with a trade premises on the ground floor.

Description

The house includes 14 apartments and a retail unit of 115 m².

The residential area is 823 m².

The building was built in 1897 and renovated in 2017.

Financial performance

Absolute annual income is 85,385 €.

The current yield of 3.7%.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 6.0%.

The broker's fee of 6%.

Location

The property is located in the Tegel area, in a walking distance from the bus stop and a metro station. Shops, a park and a sports hall are situated not far from the building.

  • Property on the map
    Location right down to the building, street or city

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
3.7%
8—10%
Investment budget
2,300,000 €
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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