- 27,285,000 €
- 4.7% yield
- Berlin Apartment building 3,200,000 €
- Basic parameters
- Photo
№ 1,809,354
Apartment building in Berlin
3,200,000 €
- Apartments 16
- Yield 3.8%
- Constructed 1969
- Price per key —
Key project parameters
- Leasable area
- 1,192 m²
- Land area
- 3,350 m²
- Apartments
- 16
- Number of parking lots
- 7
- Floors
- 2
- Constructed
- 1969
Project description
Two-storey apartment building with a large plot of 3350 m².
Description
The apartment building includes 16 flats with a total area of 1192 m². Each flat covers an area of about 75 m².
Three residential units were renovated in 2017.
There are basement rooms in the cellar, along with the oil-fired central heating system. The electricity is not centralised and the corresponding meters are located in the residential units.
The buidling has 6 garages and 7 parking spaces.
The apartment building is in well-maintained condition.
Energy performance certificate:
- main sources of energy: oil
- power consumption: 176.10 kWh/ m²
- valid until: 19.02.2019
Tenants
- Agreement
- n/a
Financial performance
- Yield
- 3.8%
The absolute annual income is 122,145 €.
The current yield is 3,8%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
The brokerage fee is 6% + 19% VAT (in total 7.14%).
Location and nearby infrastructure
The property is located in the district Reinickendorf, near the metro station. Shops, kindergartens, schools and educational institutions are in few minutes by car. The area has good transport links.
The center of Berlin can be reached in 40 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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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.
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Property maintenance and insurance
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Search for tenants, contracting, and control over rent collection
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Arrangements for bookkeeping and tax advice
Diversify your portfolio - invest from $1 million in the construction of residential complexes in Dubai
- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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