Apartment building as part of a condominium complex.
Description
The apartment building includes 33 flats with a total area of 1,773 m². Flats have an area from 46 to 114 m², balconies overlooking the landscaped courtyard or street.
As a result of overhaul in 2010, facades and roof of the building were repaired, windows were replaced. Also, individual residential units have also been modernised (including bathrooms, electrical sub-distribution systems) upon tenant change.
The building is constantly maintained in good condition.
The absolute annual income is 142,019 €.
The current yield is 2.8%.
All units are leased.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
The brokerage fee is 6% + 19% VAT (in total 7.14%).
The property is located on a quiet street in Berlin. Richardplatz, two shopping streets, shops, cafes and restaurants are within walking distance. The area has good public transport connections, there are bus stops and a metro station near the property.
The center of Berlin can be reached in 20 minutes.
Berlin is the capital of Germany with the population more than 3.9 million people.
Within EU Berlin is one of the cities with the highest business activity. About 80% of companies in Berlin work in the services sector. 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)
2 airports of Berlin — Tegel and Schönefeld — serve more than 40 million passengers a year.
Today Berlin is a world cultural center and one of the most visited cities on the continent. The annual number of tourists exceeds 30 million people.
