Apartment building with commercial spaces, Berlin, Germany

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Apartment building with commercial spaces, Berlin, Germany

6,000,000 €
2,758 € /m²
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  • Total area
    2,175 m²
  • Yield
    2.9%
  • Rental rate (m²/month)
    7 €
  • Built in 
    1902
Details
Property parameters
  • Leasable area: 2,175 m²
  • Land area: 907 m²
  • Total apartments: 32
  • 5-floor building
Financial performance
  • Annual income: 172,094 €
Tenants
  • Occupancy: 96%
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Five-storey apartment building with two commercial spaces.

Description

The apartment building includes 32 apartments with a total area of 2.014 m² and two commercial spaces with a total area of 161 m².

The building is constantly maintained in good condition.

It is possible to convert the attic into the residential area.

Financial performance

The absolute annual income is 172,094 €.

The current yield is 2,9%.

The expected annual income is 178,762 €.

The expected yield is 3%.

Tenants

One apartment is vacant.

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 Neukölln, one of the residential districts of Berlin, with the population about 170,000 people. The area is a social and nature protection zone.

Parks, shops, restaurants, cafes, sports complexes, a cinema, etc. are located near the property.

Neukölln is one of the most popular districts in the city, thanks to its central location and a special way of life — bohemian and multicultural.

There is a large number of shops, cafes and restaurants, as well as places for leisure, including the embankments of the Landver Canal.

The area is served by numerous bus lines and 2 metro stations: Hermannplatz and Sonnenallee.

Transport accessibility:

  • Tegel International Airport — 47 minutes by public transport/ 25 minutes by car (without traffic jams)
  • Schönefeld Airport — 25 minutes by car (without traffic jams)
  • Hauptbahnhof station — 38 minutes by public transport
  • Potsdamer Platz — 41 minutes by public transport
  • East Side Gallery — 33 minutes by public transport

More properties

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.

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