Five-story apartment building with two commercial spaces close to the Berlin Institute of Technology and Economics.
Description
The apartment building includes 10 flats with a total area of 546 m² and two commercial spaces with a total area of 159 m².
The building is constantly maintained in good condition, many of the old building details are preserved, the attic floor has been converted into residential area.
Energy performance certificate:
- main energy source: natural gas
- consumption value: 102.9 kWh/ m²a including hot water
- valid until 20.07.2020
The absolute annual income is 58,234 €.
The current yield is 3,6%.
All spaces 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 in the area Treptow-Kopenik, close to the Berlin Institute of Technology and Economics. There is a shopping center, supermarket, cinema, cafes, bars and the Spree Embankment located nearby.
The center of Berlin can be reached in 25 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.
