Apartment building, Berlin, Germany

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Apartment building, Berlin, Germany

17,500,000 €
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Total area: 2,578 m² Yield: 2.8% Built in 1907
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Features
  • Operating Incomе: 495,487 €
  • Occupancy: 95%
  • Number of parking lots: 11
  • Most recent total renovation: 2017
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 5.0%

Newly renovated аpartment building.

Description

The property consists of a main building and a wing and includes 16 apartments with a total area of 2,578 m².

The building was built in 1907, the wing is in 1935. Both buildings were completely renovated in 2017.

There is parking for 11 cars on the territory of the property.

At the moment the property is vacant.

Financial performance

The projected annual income is 495,487 €.

Projected yield is 2.8%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is %.

The brokerage fee is 5% + 19% VAT (in total 5.95%).

Location

The property is located in a prestigious quiet area of Grunewald.

The area includes Germany's largest green zone.

The area has developed infrastructure.

There are the central western streets of Berlin nearby.

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Anatoliy Onufriev
Anatoliy Onufriev
Real Estate Expert Tranio in Berlin
+44 17 4822 0039
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