The package of five apartments in a new six-story building.
Description
The total area of five apartments is 240.8 m² (each unit is 39.9 – 69.6 m²).
Apartment formats: studios, one-room apartment.
Completion date: 2022. III.
The developer is a well-known company with a large track record operating in Germany, the Netherlands, Greece, Spain and Portugal.
Financial performance
The annual income is 65,000 €.
The yield is 4.3%.
Tenants
Lease concept: the rental management company offers such a popular format as fully furnished apartments with the possibility of renting out in the medium (from 7–12 months) and long-term period. The owner can decide to use the services of this management company or not.
Transaction costs
Notary (state registration) is 1.5–2%.
Acquisition tax is 6%.
The apartments are sold without commission for the buyer.
Location
The building is located in Berlin, in the Schöneberg district.
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. The city is home to large corporations such as Siemens, Volkswagen, Pfizer and SAP.
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.
Tegel and Schönefeld Airports of Berlin serve more than 40 million passengers a year.
