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Buy-to-let apartment package with a yield of 4.3% in Berlin, Germany

1,510,000 €
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  • Yield
    4.3 %
  • Rental rate (m²/month)
    23 €
  • Completion in
    2022.III
Details
Property parameters
  • Leasable area: 240 m²
Financial performance
  • Annual income: 65,000 €
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 6.0 %

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.

  • 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 units purchase with a construction loan

Investment vehicle
Apartment units
Construction loan
Yield per annum
4.3%
8—10%
Investment budget
1,509,500 €
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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