Apartment building, Berlin, Germany

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Apartment building, Berlin, Germany

5,400,000 €
3,675 € /m²
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  • Total area
    1,469 m²
  • Yield
    1.5 %
  • Rental rate (m²/month)
    4 €
  • Built in 
    1900
Details
Property parameters
  • Land area: 733 m²
  • Total apartments: 15
Financial performance
  • Annual income: 80,000 €
Tenants
  • Occupancy: 75 %
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 6.0 %
  • Broker: 6.0 %

Apartment building

Description

Apartment building, including 15 flats and six commercial premises.

There is a possibility of enlarging of the building`s area by 466 m².

Financial performance

Absolute annual income: 80,000 €.

Current yield: 1,5%.

Transaction costs

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.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

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

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

Statistics in Berlin

Price per m², €
5,851
Healthcare efficiency level
69
Index 69 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
60
Index 60 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 5,851.17
Apartment in a bedroom community, m² 3,876.17
Transport Price, €
Public transport, 1 ride 2.8
Monthly travel card 81.0
Taxi, 1 km 2.0
Petrol, 1 l 1.44
Food Price, €
Water, 1.5 l 0.52
Milk, 1 l 0.78
White bread, 500 g 1.3
Eggs, a dozen 1.94
Chicken fillet, 1 kg 7.56
Education Price, €
Kindergarten, per month 192.67
International school, per year 7,790.42
Health care index
Staff competence 74.17
Medical equipment 82.8
Research accuracy and completeness 72.71
Attitude towards patients 62.82
Security index
Crime rate 40.98
The risk of being robbed 37.75
The risk of car theft 36.09
The risk of break-in and property damage 51.74

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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