Office building, Berlin, Germany

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Office building, Berlin, Germany

4,500,000 €
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Total area: 1,059 m² Yield: 4.4% Built in 1900
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Features
  • Operating Incomе: 198,304 €
  • Land area: 550 m²
  • Occupancy: 95%
  • Most recent total renovation: 2001
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 4.0%

Office building in the center of the city.

Description

The area of the property is 1,059 m².

The building was built in 1900 and renovated in 2001.

Equipment

  • central gas heating system
  • elevator
  • loft
  • ventilation system

Financial performance

The absolute annual income is 198,304 €.

The current yield is 4,4%.

Tenants

The property is fully leased to 8 tenants, represented by medical institutions.

The WALT is 6.4 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6,0%.

The brokerage fee is 4% + 19% VAT (in total 4.76%).

Location

The property is located in the center of Berlin in the Pankov district with many restaurants and shops.

There are bus and tram stops nearby.

The distance to the airport is 13.5 km.

More properties

If this property wasn’t for you, take a look at other office buildings for sale in Germany.

You can see more office buildings for sale in Berlin elsewhere on our website.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
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