The property includes:
- 7 apartments
- 5 offices
- 3 retail premises
- 3 storage premises
There is a possibility of converting of 5 office premises into 15 apartments.
Absolute annual income: 300,900 €.
Current yield: 3%.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6.0%.
Brokerage fee is 5% + 19% VAT (in total 5.95%).
Location and nearby infrastructure
The property is located in the very heart of the city, in an area with harmoniously developed infrastructure, close to a bus stop, shops, bars and restaurants, an one-minute walk from S-bahn and U-bahn stations.
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.
Mitte — the central district of Berlin, dynamically developing. In addition to residential buildings, there are headquarters of many international and national companies, as well as the Bundestag and Bundesrat, embassies and the federal government. In addition, the Mitte district is the cultural center of Berlin: within walking distance are Alexanderplatz and Postdamer Platz squares, the Hack courtyards, and the famous Unter den Linden street.
The quarter around Friedrichstraße (Friedrich straße) is known as the prestigious business center of the capital.
The cost per square meter, for example in an elite 6-storey building — from 4,900 to 7,000 euros.
The infrastructure of the district is maximally developed: cafes, shopping centers, educational and medical institutions, sports clubs, swimming pools, etc.
New residential complexes with a high level of comfort and service are in great demand.
Apartments of secondary housing stock are quite expensive — about 4,800 Euro/ m².