New apartment building with commercial spaces, Berlin, Germany

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New apartment building with commercial spaces, Berlin, Germany

8,400,000 €
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  • Yield
    4.0%
  • Rental rate (m²/month)
    13 €
  • Built in 
    2019
Details
Property parameters
  • Leasable area: 2,100 m²
  • Land area: 1,100 m²
  • Total apartments: 29
Financial performance
  • Annual income: 336,000 €
Tenants
  • Occupancy: 90 %
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Apartment building with two commercial spaces in Berlin.

Description

The apartment building with two entrances and roof terraces includes 29 apartments.

Equipment

  • fretted ceiling
  • hardwood floor
  • built-in kitchens
  • tiles in bathrooms

Financial performance

The absolute annual income is 336,000 €.

Current yield is 4%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

The brokerage fee is 6% + 19% VAT (in total 7.14%).

Location

The property is located in the Friedenau area in the Tempelhof-Schöneberg district, in close proximity to the Friedrich-Wilhelm-Platz square, the Walter-Schreiber-Platz metro stations and the exit to the Schildhornstraße highway.

The popular Schloßstraße street with many shops is located nearby.

The center of Berlin can be reached in 18 minutes.

Tempelhof-Schöneberg is the 7th administrative borough of Berlin. The population of the area is more than 330,000 people.

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

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a apartment building purchase with a construction loan

Investment vehicle
Apartment building
Construction loan
Yield per annum
4.0%
8—10%
Investment budget
8,400,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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