New apartment building with commercial spaces, Berlin, Germany

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New apartment building with commercial spaces, Berlin, Germany

9,860,000 €
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  • Built in 
    2020
Details
Property parameters
  • Leasable area: 1,518 m²
  • Total apartments: 32
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 4.0% + VAT

A complex of two buildings under construction, the construction is planned to be finished in May 2020.

Description

The apartment building includes 32 apartments:

  • 30 one-room and two-room apartments ranging from 25 to 50 m²
  • 2 penthouses of 80 m² each

Also the complex includes 2 commercial spaces of 36 m² and 24 m².

Equipment

  • floor heating
  • oak parquett
  • bathooms of latest standard
  • elevator

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

The brokerage fee is 4% + 19% VAT (in total 4.76%).

Location and nearby infrastructure

The property is located in the central part of East Berlin, in one of the most popular areas of the city.

The center of Berlin can be reached in 20 minutes.

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.

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If this ad doesn't suit you, have a look at the other apartment buildings for sale in Berlin.

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Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.

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 building purchase with a construction loan

Investment vehicle
Apartment building
Construction loan
Yield per annum
0.5%-4%
8—10%
Investment budget
9,860,000 €
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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