Apartment building under construction in the center of Berlin, Germany

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Apartment building under construction in the center of Berlin, Germany

8,262,000 €
8,500 € /m²
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  • Total area
    972 m²
  • Built in 
    2020
Details
Property parameters
  • Total apartments: 11
  • Number of parking lots: 10
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 3.0% + VAT

Detached apartment building in the premium apartment complex.

Description

The residential complex consists of 14 buildings including 182 apartments. The total site area is 14,780 m². The total area of the garden located in the courtyard of the complex is 3,700 m². Each building has a unique facade design.

The apartment building is located on a separate land plot together with another building and includes 11 apartments with a total area of 972 m². The sizes of apartments vary from 65 to 140 m².

There is an underground parking (shared with the neighboring building) for 10 cars.

The construction deadline is scheduled for May 2020.

Location

The property is located in the center of Berlin, close to the department store, 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
8,262,000 €
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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