Five-story apartment building in good condition.
Description
Apartment building includes 20 apartments with a total area of 1474 m².
In 2012 and 2015 extensive refurbishment work was carried out on the premises. The facades were renovated and thermally insulated, windows were replaced, an intercom was installed, in all units, the bathrooms and kitchens were renovated or fitted kitchens installed, laid laminate flooring, tiling the walls and installed new gas floor heating system.
The attic of 175 m² is not yet developed, an expansion seems possible.
The absolute annual income is 115,374 €.
The current yield is 3.7%.
Fully let.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
The brokerage fee is 6% + 19% VAT (in total 7.14%).
The property is located in the Spandau district, close to the embankment of the Havel River. There are supermarkets, shops, a pharmacy, a park and a medical center located nearby. The area has good transport links.
The city center can be reached in about 45 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.
