Apartment building with commercial space, Berlin, Germany

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Apartment building with commercial space, Berlin, Germany

3,950,000 €
3,253 € /m²
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  • Total area
    1,214 m²
  • Yield
    3.0%
Details
Property parameters
  • Land area: 550 m²
  • Total apartments: 19
Financial performance
  • Annual income: 120,897 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Apartment building in an emerging neighborhood in the Berlin district of Moabit.

Description

The apartment building includes 19 apartments with built-in kitchens with a total area of 1,137 m² and a commercial space of 77 m².

16 apartments have been completely renovated. The external facade of the building is painted, the facade from the side of the courtyard is insulated and painted. A central gas heating system is used.

It is possible to convert the attic with an area of 184 m² into a residential space.

Apartment building is in excellent condition.

Location and nearby infrastructure

The property is located in an emerging neighborhood in the Berlin district of Moabit. There are day-care centers, schools, medical facilities and shops for daily needs in the area. The recently opened “Schultheiss Quartier” attracts people from Moabit as well as from neighboring districts. A wide range of restaurants, cafés and cultural facilities can also be found nearby.

The city center can be reached in about 20 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.

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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