Apartment building with office spaces, Berlin, Germany

Additional information is provided after the signing of an NDA

Apartment building with office spaces, Berlin, Germany

8,100,000 €
2,565 € /m²
Mortgage calculator
Learn the property location
Send the listing to yourself
  • Total area
    3,157 m²
  • Yield
    3.4%
  • Rental rate (m²/month)
    8 €
  • Built in 
    1974
Details
Property parameters
  • Leasable area: 2,687 m²
  • Land area: 5,968 m²
  • Total apartments: 30
  • Number of parking lots: 30
  • 3-floor building
Financial performance
  • Annual income: 273,598 €
Tenants
  • Occupancy: 97%
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

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

Financial performance

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.

Tenants

One flat is vacant.

The lease agreement for office spaces is valid until January 31, 2024.

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.

More properties

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

All ads in the country: apartment buildings for sale in Germany.

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
Similar listings

We select ads that may interest you.

Not sure what to start with? Send an advice request
Our expert will contact you to help with selecting real estate.
Ask a question
    I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
    Marina Filichkina,
    Head of Sales
    flag icon
    Dubai, UAE
    Tranio Global Real Estate, Al Ameri Tower - 19th floor - Barsha Heights - Dubai - UAE
    flag icon
    Torrevieja, Spain
    Tranio LLC, Calle del Palangre, 14, 03182 Torrevieja
    flag icon
    Athens, Greece
    Tranio LLC, Vissarionos, 4, 10672 Athens
    flag icon
    Berlin, Germany
    Tranio Germany GmbH, Schlüterstraße 38, 10629 Berlin
    Send a request