- 27,285,000 €
- 4.7% yield
- Berlin Apartment building 1,770,000 €
- Basic parameters
- Photo
№ 1,818,145
Apartment building 727 m² in Berlin
1,770,000 €
2,434 € /m²
- Apartments 8
- Yield 4.0%
- Constructed 1972
- Price per key —
Key project parameters
- Leasable area
- 727 m²
- Total area
- 727 m²
- Land area
- 533 m²
- Apartments
- 8
- Number of parking lots
- 2
- Floors
- 4
- Constructed
- 1972
Project description
Four-story apartment building in Berlin.
Description
The apartment building includes 8 flats with a total area of 477 m² and two commercial spaces on the ground floor with a total area of 250 m².
The house has one garage and one open parking lot.
The building is constantly maintained in good condition.
Energy performance certificate:
- energy source: oil
- energy consumption: 199.40 kWh/ m²a
- valid until 24.06.2028
Extra information
Car parks
Tenants
- Agreement
- n/a
All flats are leased.
Commercial spaces are leased to a restaurant and a beauty salon.
A lease agreement with the restaurant was signed in 2010 with the possibility of annual renewal.
The lease agreement with the beauty salon is valid until 2024 with the extension option for 5 years.
Financial performance
- Yield
- 4.0%
The absolute annual income is 60,437 €.
The current yield is 3,4%.
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 area of Spandau famous for its original old town and ancient citadel on the Spree. There is the embankment, a supermarket, various shops, cafes and restaurants nearby.
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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