Package of apartments for rent in the city center, Berlin, Germany

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Package of apartments for rent in the city center, Berlin, Germany

5,800,000 €
8,895 € /m²
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  • Total area
    652 m²
  • Built in 
    2018
Details
Property parameters
  • Total premises: 10
  • Number of parking lots: 6
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 6.0 %
  • Broker: 4.76 %

Package of apartments in a new residential complex in the Tiergarten district.

Description

The package includes 10 apartments with a total area of 652 m², located from 2nd to 4th floor. Nine are one-room apartments, one is a two-room apartment, the area of apartments varies from 59 to 75 m².

The apartments are sold fully finished, furnished, with kitchen and sanitary ware (included in the price).

Four apartments have a view to the courtyard, the rest – to the street.

Also, six apartments have parking spaces worth 42,000 € each.

Location

The property is located in a residential area of ​​Tiergarten. The area is densely populated and is located near the central administrative districts of Berlin. The architecture is represented by exquisite 19th-century mansions that are surrounded by the greenery of the alleys. The area has a developed infrastructure, which includes shopping centers, hotels, restaurants, clubs, bars. In addition, the tourism business is booming here.

There are two metro stations within walking distance from the property. Also there are various shops, schools, various doctors within walking distance. There are galleries, restaurants, a shopping center, museums, a market and other infrastructural facilities a few minutes away by public transport.

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.

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  • 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 units purchase with a construction loan

Investment vehicle
Apartment units
Construction loan
Yield per annum
2%-4.5%
8—10%
Investment budget
5,800,000 €
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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