Apartment building, Berlin, Germany

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Apartment building, Berlin, Germany

3,100,000 €
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  • Yield
    2.1%
  • Rental rate (m²/month)
    5 €
  • Built in 
    1899
Details
Property parameters
  • Leasable area: 1,001 m²
  • Land area: 622 m²
  • Total apartments: 12
  • 5-floor building
Financial performance
  • Annual income: 64,256 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

The five-storey residential building with commercial premises.

Description

Total area is 1,001 m²

Living area is 838 m²

Commercial area is 123 m²

The building comprised of 12 apartments and 2 commercial units.

Roof area is 200 m² There is an ability of area expansion with building vertical extension.

Building Energy Rating — 117.00.

Facade, electricity lines and water supply of the house were renovated.

10 of 12 apartments are leased out.

Financial performance

Absolute income is 64,256 €.

The current yield of 2.1%.

The projected income is 86,096 €.

The projected yield of 2.7%.

Transaction costs

Notary fee of 1.5%.

RE purchase tax of 6%.

The broker's fee of 6%.

Location

The apartment building is situated in Charlottenburg area, in close vicinity of community amenities. The railway station is located within few minutes of walking. There is an accessway to the highway within 100 metres from the house. The main shopping street Kurfürstendamm is within a 5 minute drive from the building.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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