Two apartment buildings, Berlin, Germany

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Two apartment buildings, Berlin, Germany

2,050,000 €
2,252 € /m²
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  • Total area
    910 m²
  • Yield
    3.8%
  • Rental rate (m²/month)
    7 €
  • Built in 
    1992
Details
Property parameters
  • Leasable area: 910 m²
  • Land area: 1,133 m²
  • Total apartments: 9
  • Number of parking lots: 5
  • 3-floor building
Financial performance
  • Annual income: 77,567 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

The complex of two apartment buildings, consisting of front and rear buildings, in a quiet area of ​​Berlin.

Description

The front apartment building includes 6 flats two of which are two-level, have an internal staircase and are located on the ground and basement floors. There are two rooms for recreation in the attic.

The back building includes 3 flats one of which is two-level consisting of a living area and a room for recreation.

The total area of ​​9 flats is 835 m², of three rooms for recreation – 75 m².

All flats are equipped with kitchens and bathrooms, have balconies or terraces.

Both buildings have basements, bicycle storage rooms and technical rooms. The gas central heating system with centralized hot water purification system is installed.

There is parking for 5 cars. There is a playground in the courtyard.

Energy performance certificate:

  • main energy source: natural gas
  • consumption value: 134 kWh/ m²a
  • valid until 08.06.2028

Financial performance

The absolute annual income is 77,567 €.

The current yield is 3,78%.

The expected annual income is 78,047 €.

The expected yield is 3,81%.

The expected yield is achieved by renting a free parking space.

Tenants

All spaces 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 and nearby infrastructure

The property is located in the popular residential area of Berlin, Steglitz-Zehlendorf. There are various shops, supermarkets, restaurants and cafes located nearby. There are various parks and the Botanical Garden, stops of various bus lines and the S-Bahn station.

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.

More properties

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

All ads in the country: apartment buildings for sale in Germany.

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