Apartment building, including 15 flats and six commercial premises.
There is a possibility of enlarging of the building`s area by 466 m².
Absolute annual income: 80,000 €.
Current yield: 1,5%.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6.0%.
Brokerage fee is 6% + 19% VAT (in total 7.14%).
Location and nearby infrastructure
The property is located in an area with harmoniously developed infrastructure, close to a bus stop, shops, bars and restaurants.
Prenzlauer Berg is a highly developed district, once industrial, but today it has become the ”experimental field“ of new Germany, dominated by culture, retail and gastronomy.
Berlin is the capital of Germany with the population more than 3.9 million people. Within the eurozone, Berlin is one of the cities with the highest business activity. Several large corporations, such as Siemens, Volkswagen, Pfizer, and SAP, have headquarters in Berlin. In 2017 Berlin's GDP grew in real terms by 3.1% compared to the previous year and for the 3rd time in a row, it was more than 3%. In the national comparison, Berlin took the 2nd place and significantly exceeded the average growth of 2.2% in Germany. In 2017 the salaries of the middle-level employees in Berlin averaged more than 3,260 euros per month. The average gross monthly income increased by 2.7% compared to the previous year.
- Unemployment rate — 9.0% (2017)
- Consumer price index — 111.4 (2017)
- GDP — 136 billion euros (2017)
- About 80% of companies in Berlin work in the services sector.
- 2 airports of Berlin — Tegel and Schönefeld — serve more than 40 million passengers a year.