Apartment building, Berlin, Germany

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Apartment building, Berlin, Germany

3,850,000 €
2,291 € /m²
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  • Total area
    1,680 m²
  • Yield
    2.9%
  • Built in 
    1905
Details
Property parameters
  • Land area: 834 m²
  • 5-floor building
Financial performance
  • Annual income: 112,220 €
Tenants
  • Occupancy: 95 %
Property status
  • Most recent total renovation: 1999
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Apartment building with commercial units on the ground floor.

Description

The property includes 19 apartments with a total area of 1,332 m² and 2 commercial premises with a total area of 348 m².

The building was built in 1905 and completely renovated in 1999.

Equipment

  • wood trim
  • attic
  • stucco molding

Financial performance

The absolute annual income is 112,220 €.

Current yield is 2.9%.

The projected annual income is 136,212 €.

The projected yield is 3.5%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is %.

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

Location

The property is located in the Pankov district in one of the most popular places in Berlin.

There is a park in a walking distance from the property.

There are kindergartens, medical centers, schools, shops, restaurants and bars nearby.

  • 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
2.9%
8—10%
Investment budget
3,850,000 €
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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