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Package of apartments in Berlin, Germany

797,000 €
5,175 € /m²
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  • Total area
    154 m²
  • Yield
    3.2%
  • Built in 
    2020
Details
Property parameters
  • 11-floor building
Financial performance
  • Annual income: 25,154 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%

Five studio apartments for renting in a new residential complex.

Description

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 31,224 €.

The projected annual income after deducting expenses for maintenance and management is 25,154 €.

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 6,070 € 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.

  • 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.

The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.

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 units purchase with a construction loan

Investment vehicle
Apartment units
Construction loan
Yield per annum
3.2%
8—10%
Investment budget
797,000 €
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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