Apartment building with commercial spaces, Berlin, Germany

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Apartment building with commercial spaces, Berlin, Germany

14,500,000 €
4,306 € /m²
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  • Total area
    3,367 m²
  • Yield
    2.2%
  • Built in 
    1912
Details
Property parameters
  • Land area: 1,434 m²
  • Total apartments: 24
Financial performance
  • Annual income: 313,812 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Apartment building in Berlin.

Description

Apartment building includes 24 apartments and 2 commercial spaces with a total area of 192 m².

The building has two elevators, spacious entrance areas, parquet floors, double glazed windows. Central heating system is used here.

Some historical architectural elements are preserved on the facade of the building.

It is possible to convert the attic into a living room with a terrace.

The building is constantly maintained in good condition.

Deal type: Share Deal.

Tenants

One apartment of 221 m² is vacant.

Location and nearby infrastructure

The property is located in the western part of Berlin, in the Charlottenburg area.

Charlottenburg is one of the oldest districts of Berlin. It has many theaters, restaurants and museums. It also houses one of Berlin's most famous boulevards, Kurfürstendamm, where the best shops of the city and the popular KaDeWe shopping center, built in 1900, are located.

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
Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a apartment building purchase with a construction loan

Investment vehicle
Apartment building
Construction loan
Yield per annum
2.2%
8—10%
Investment budget
14,500,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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