- 27,285,000 €
- 4.7% yield
Apartment building with preliminary construction permit for addition of
further story of 280 m².
Description
The apartment building includes 23 apartments with a total area of 1,006 m² and two commercial spaces on the ground floor with a total area of 265 m². There is also parking for 9 cars.
The flats have smaller, highly rentable sizes of between 37 and 42.5 m².
In 2008/2010, extensive renovation measures were carried out on the property. These included the centralization of the electrical system, facade insulation on the courtyard and street sides, the complete replacement of the windows with new synthetic insulating glass windows, the renovation of numerous residential units and the installation of a new gas central heating system with central hot water processing.
The property presents itself in an average but well-tended maintenance condition.
Fully leased.
The property is located in one of the most popular residential areas of Berlin, Schöneberg. Shops for everyday products can be found nearby. Various restaurants as well as a farmers market are within walking distance from the property. Three parks are also within walking distance from the property.
The area has good transport links – there is a metro station, bus stop and railway station near the property. There are also entrances on two highways located nearby.
The city center can be reached in about 25 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.
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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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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
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
We can take over the management of your property or recommend a suitable management company
We will arrange a visit to the site to view one or more projects
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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