Apartment building with commercial space, Berlin, Germany

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Apartment building with commercial space, Berlin, Germany

3,950,000 €
3,253 € /m²
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  • Total area
    1,214 m²
  • Yield
    3.0%
Details
Property parameters
  • Land area: 550 m²
  • Total apartments: 19
Financial performance
  • Annual income: 120,897 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Apartment building in an emerging neighborhood in the Berlin district of Moabit.

Description

The apartment building includes 19 apartments with built-in kitchens with a total area of 1,137 m² and a commercial space of 77 m².

16 apartments have been completely renovated. The external facade of the building is painted, the facade from the side of the courtyard is insulated and painted. A central gas heating system is used.

It is possible to convert the attic with an area of 184 m² into a residential space.

Apartment building is in excellent condition.

Location

The property is located in an emerging neighborhood in the Berlin district of Moabit. There are day-care centers, schools, medical facilities and shops for daily needs in the area. The recently opened “Schultheiss Quartier” attracts people from Moabit as well as from neighboring districts. A wide range of restaurants, cafés and cultural facilities can also be found nearby.

The city center can be reached in about 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.

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.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a apartment building purchase with a construction loan

Investment vehicle
Apartment building
Construction loan
Yield per annum
3.0%
8—10%
Investment budget
3,950,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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