Small apartment building, Berlin, Germany

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Small apartment building, Berlin, Germany

1,500,000 €
3,118 € /m²
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  • Total area
    481 m²
  • Yield
    3.5%
  • Rental rate (m²/month)
    9 €
  • Built in 
    1993
Details
Property parameters
  • Leasable area: 481 m²
  • Land area: 781 m²
  • Total apartments: 6
  • Number of parking lots: 3
  • 3-floor building
Financial performance
  • Annual income: 51,754 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

A small three-storey apartment building in a quiet area of Berlin.

Description

The apartment building includes 6 apartments (including an additional room of 60 m²) with a total area of 481 m² as well as 3 parking spaces.

The building is in very good condition.

Energy Performance Certificate:

  • final energy consumption: 80.29 kWh/ m²a
  • energy class: C
  • valid until: 29.04.2029

Financial performance

The absolute annual income is 51,754 €.

The current yield is 3,5%.

Tenants

All apartments are leased.

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 a quiet area of Berlin. There are various parks, lakes, tennis clubs and restaurants located nearby.

The center of Berlin can be reached in 45 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.

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.

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If this ad doesn't suit you, have a look at the other apartment buildings for sale in Berlin.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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