Two apartment buildings in the center of Berlin, Germany

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Two apartment buildings in the center of Berlin, Germany

20,700,000 €
8,515 € /m²
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  • Total area
    2,431 m²
  • Built in 
    2020
Details
Property parameters
  • Total apartments: 29
  • Number of parking lots: 10
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 3.0% + VAT

Two adjacent apartment buildings in a new residential complex.

Description

The proposal involves the purchase of two building sections in a new residential complex. Two houses combine 29 apartments on an area of 2,431 m²:

  • 18 apartments in House A with the total area of 1,459 m²;
  • 11 apartments in House B wuth the total area of 972 m².

The apartment sizes range from 65 to 160 m². Houses A and B constitute a separate plot and condominium owners’ association.

Ten places in the underground parking are included in the purchase price.

Residential complex

The new-build construction of a high-end residential block comprises 14 houses and a green sanctuary in the inner courtyard. The housing complex combines 182 flats on an area of 14,780 m².

Construction will be completed in May 2020.

Location

The property is located in the center of Berlin, close to the Kulturforum cluster of cultural venues (including the Philharmonic Hall and the National Gallery), Potsdamer Platz with its many shopping and entertainment options and downtown West Berlin. There is a metro station within walking distance – several underground lines and a number of bus lines provide public transport connectivity in every direction.

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
0.5%-4%
8—10%
Investment budget
20,700,000 €
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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