- 27,285,000 €
- 4.7% yield
- Berlin Apartment building 6,000,000 €
- Basic parameters
- Photo
№ 1,811,860
Apartment building 2,175 m² in Berlin
6,000,000 €
2,758 € /m²
- Apartments 32
- Yield 4.0%
- Constructed 1902
- Price per key —
Key project parameters
- Leasable area
- 2,175 m²
- Total area
- 2,175 m²
- Land area
- 907 m²
- Apartments
- 32
- Floors
- 5
- Constructed
- 1902
Project description
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.
Tenants
- Agreement
- n/a
One apartment is vacant.
Financial performance
- Yield
- 4.0%
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%.
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.
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.
-
Property maintenance and insurance
-
Search for tenants, contracting, and control over rent collection
-
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
Top 3 commercial properties of October
- 2,390,000 €
- 6.4% yield
- 2,280,000 €
- 5.0% yield
Similar listings
We select ads that may interest you.