Apartment building with restaurant and parking, Berlin, Germany

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Apartment building with restaurant and parking, Berlin, Germany

12,900,000 €
3,264 € /m²
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  • Total area
    3,951 m²
  • Yield
    3.8%
  • Built in 
    1900
Details
Property parameters
  • Total apartments: 25
  • Number of parking lots: 12
Financial performance
  • Annual income: 494,961 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 4.0% + VAT

Hostoric residential house with commercial premises.

Description

Total area of the property is 3,951 m²

House consists of a front building with a right side wing and a rear side wing, and comprised of 25 apartments and 24 commercial units. The former carriage house in the courtyard is now used as a restaurant.

Builidng is in a good condition. The front builiding facade include stucco elements and oriels.

Some of the flats feature historic details such as crown mouldings and parquet flooring. Apartments on the attic floor are fitte with balconies with panoramic city views.

The basement with area of 1,000 m² includes heaters and sanitary unit. It is possible to develop additional 256 m² vacant basement area.

There is a parking spac for 12 car in the courtyard.

Energy Performance Certificate

  • Energy performance certificate type: Consumption.
  • Main energy sources: Gas.
  • Final energy consumption: 222,00 kWh/ m².
  • Energy class: G.
  • Valid until: 26.11.2026

Financial performance

Absolute income is 494,961 €.

The current yield of 3.8%.

Tenants

According to the agreement, the building wiil be delivered with 55% vacant space.

Transaction costs

Notary fee of 1.5%.

RE purchase tax of 6%.

The broker's fee of 4%.

Location

The building situated on the quiet street. There are a lot of shops, cafes, restaurants, few public transport stops and two Metro station in proximity from the house.

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