Apartment building with commercial unit, Berlin, Germany

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Apartment building with commercial unit, Berlin, Germany

2,795,000 €
2,690 € /m²
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  • Total area
    1,039 m²
  • Yield
    2.6%
  • Built in 
    1900
Details
Property parameters
  • Land area: 749 m²
  • Total apartments: 15
  • 5-floor building
Financial performance
  • Annual income: 73,308 €
Tenants
  • Occupancy: 95%
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Apartment building in the central district of Berlin.

Description

The apartment building includes 15 apartments with a total area of 995 m² and 1 commercial unit on the ground floor with an area of 59 m².

There is a spacious courtyard with a small garden located behind the building.

Energy Efficiency Certificate:

  • energy consumption: 145.80 kWh/ m²a, including hot water
  • valid until: 12/06/2022

Financial performance

Absolute annual income is 73,308 €.

The current yield is 2.6%.

The expected annual income is 83,516 €.

The expected yield is 3%.

Tenants

One apartment is vacant.

Location and nearby infrastructure

The property is located in the eastern part of Berlin, in the Lichtenberg district, which is located next to Alexanderplatz. There are several public transport stops, cafes and restaurants, shops, a supermarket, medical rooms located nearby. The metro station is within walking distance from the property.

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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