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Package of apartments in Berlin, Germany

468,000 €
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Total area: 92 m² Yield: 3.2% Completion in 2019.IV
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Features
  • Operating Incomе: 14,901 €
  • 11-floor building
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%

Three studio apartments for renting in a new residential complex.

Description

The construction will be completed by the end of 2019.

The residential complex consists of 56 studio apartments ranging from 30 m² to 33 m² and two-, three- and four-room apartments ranging from 59 m² to 84 m².

The cost of the studios ranges from 149,000 € to 199,000 € and the cost of the apartments ranges from 299,000 € to 470,000 €.

There are two commercial units on the ground floor of the building.

Energy standard: KfW-55.

Property of this type is sought-after for tenants. The owner gets long-term rent revenue for the low-cost investment.

Interior

The studio consists of a living room combined with a kitchen and a dining area, a bathroom, a storage room, a dressing room, a balcony or a terrace.

The apartments consist of 2, 3 or 4 rooms, a spacious kitchen, combined with a dining area, a bathroom, a storage room, a dressing room, and a balcony. Some apartments have a guest WC.

Equipment

  • fitted kitchen
  • heating floors
  • elevator

Advantages

The complex may offer at residents' disposal: a rooftop terrace and a parking for bicycles. The owners may use services of a management company, which assumes responsibilities associated with searching for tenants, singing lease agreement, property maintenance, managing, tenant communications, insurance, renovation, etc.

Financial performance

The projected annual income is 18,528 €.

The projected annual income after deducting expenses for maintenance and management is 14,901 €.

The projected yield is 3.2%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.0%.

The cost of ownership

The cost of the management company services is 29.75 €/month per unit.

The operating costs are 2.32 €/m² per month.

According to preliminary calculations, management and maintenance costs are 3,627 € per year.

Location

The residential complex is located in the Lichtenberg district, in a 15-minute drive from the center of Berlin (Alexanderplatz). Public transport stops, a metro station, Aldi and Netto supermarkets are situated in a walking distance from the building. Also, there are a shopping center, parks, a university, schools, a sports field and a hospital nearby. 

The airport is located in 20 km, and Berlin Main Station can be reached in 35 minutes by tram.

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Enquire about this apartments package
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
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    When you submit a request, you agree to our terms and conditions
    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services