Historical apartment building, Berlin, Germany

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Historical apartment building, Berlin, Germany

2,800,000 €
3,548 € /m²
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  • Total area
    789 m²
  • Yield
    1.5%
  • Built in 
    1880
Details
Property parameters
  • Land area: 290 m²
  • 5-floor building
Financial performance
  • Annual income: 42,360 €
Tenants
  • Occupancy: 67 %
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Five-storey apartment building.

Description

The total area of the property is 789 m².

The property was built in 1880.

The building includes 10 apartments.

Part of the building (254 m²) is vacant.

Financial performance

Absolute annual income is 42,360 €.

The current yield of 1.5%.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 6.0%.

Brokerage fee is 6% + 19% VAT (in total 7.14%).

Location

The property is located in Neukölln district.

There are many restaurants and shops, a swiming pool, several parks (including Treptower Park), bus stops and metro stations in a walking distance from the building.

The Potsdamer Platz can be reached by car in 15 minutes

  • 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
1.5%
8—10%
Investment budget
2,800,000 €
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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