- 27,285,000 €
- 4.7% yield
- Berlin Apartment building 8,100,000 €
- Basic parameters
- Photo
№ 1,809,377
Apartment building 3,157 m² in Berlin
8,100,000 €
2,565 € /m²
- Apartments 30
- Yield 4.0%
- Constructed 1974
- Price per key —
Key project parameters
- Leasable area
- 2,687 m²
- Total area
- 3,157 m²
- Land area
- 5,968 m²
- Apartments
- 30
- Number of parking lots
- 30
- Floors
- 3
- Constructed
- 1974
Project description
Three detached three-storey blocks of the apartment building with two office spaces in Berlin.
Description
The apartment building includes 30 flats with a total area of 2,687 m² and two office spaces with a total area of 470 m². The average area of each apartment is 90 m².
The buildings are staggered and have spacious terraces.
One of the residential units was renovated in 2018.
Basements of buildings are used as underground parking for 27 cars. There are also three open parking places.
The buidling has a central gas heating system. a decentralized hot water heating system is used, electricity meters are installed in blocks.
The apartment building is maintained in good condition.
Energy performance certificate:
- main sources of energy: district heating
- final energy consumption: 185.00 kWh/ m²a
- valid until: 12.06.2026
Extra information
Balcony or terrace
Tenants
- Agreement
- n/a
One flat is vacant.
The lease agreement for office spaces is valid until January 31, 2024.
Financial performance
- Yield
- 4.0%
The absolute annual income is 273,598 €.
The current yield is 3,4%.
The expected annual income is 284,707 €.
The expected yield is 3.5%.
The expected yield is achieved by renting a vacant flat and underground garages.
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 located nearby. The area has good transport links.
The center of Berlin can be reached in 30 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
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- 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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