Apartment building, Berlin, Germany

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Apartment building, Berlin, Germany

9,900,000 €
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Total area: 4,467 m² Yield: 4.0% Built in 1985
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Features
  • Operating Incomе: 398,179 €
  • Land area: 275 m²
  • 2-floor building
  • Occupancy: 100%
  • Number of parking lots: 47
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0%

Residential complex with a supermarket on the ground floor.

Description

The property consists of 42 residential and 4 commercial premises.

The living space is 3,151 m².

The commercial space is 1,316 m².

The residential complex was built in 1985. The renovation is carried out as needed.

There are 47 parking lots in the territory of the building.

Financial performance

The absolute annual income is 398,179 €.

Current yield is 4,0%.

Tenants

An anchor tenant since 2007 is a large supermarket chain with more than 3,000 stores in Germany. The annual turnover of the company exceeds 10 billion euros.

The lease agreement is valid until 30.04.2018 and contains extension options for 2x2 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.0%.

The brokerage fee is 6.0% + 19% VAT (in total 7.14%).

Location

The property is located in one of the south districts of Berlin, Lichtenrada.

The distance to the city center is 15 km.

A convenient transport interchange, shops, cafes and schools are situated nearby.

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Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Berlin
+44 20 3608 1267
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