№ 1,839,526

Apartment building 1,235 m² in Berlin

7,000,000 €
5,668 € /m²
  • Apartments 3
  • Yield 4.0%
  • Constructed  1907
  • Price per key —
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Daria Krestova
Daria Krestova
Investment consultant in Berlin
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    Key project parameters
    Total area
    1,235 m²
    Land area
    2,713 m²
    Apartments
    3
    Constructed 
    1907
    Project description

    Apartment building with an adjacent property.

    Description

    The property includes a corner building built in 1907 and an additional adjacent property of 121 m².

    The apartment building includes 3 apartments with a total area of ​​571 m² and three commercial spaces on the ground floor with a total area of ​​542 m². The area of ​​apartments varies from 170 to 200 m².

    The property is heated by means of a gas central heating system that was installed in 2018.

    At the end of the 1990s, the staircase was refurbished, the building services upgraded, the facades modernized and the residential units successively renovated. The apartments have been preserved historical architectural elements.

    This year the facade was repainted and the roof was modernized

    There is also a carport, a garage and two additional parking spaces on the plot.

    The attic floor with two towers and an area of approx. 380 m² appears to be convertible for residential use.

    Altogether the property presents itself in very well-maintained condition.

    Tenants
    Agreement
    n/a

    Fully let.

    Commercial spaces on the ground floor are leased to a dental office (until 2023 + renewal option for 2x5 years), veterinarian (until 2023) and a stationery store (until 2023 + renewal option for 1x5 years).

    The adjoining property is leased to a pharmacy (until 2023).

    Financial performance
    Yield
    4.0%
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    Location and nearby infrastructure

    The property is located in Berlin, in the popular Zehlendorf district, near the lake. The surrounding development is characterized by extensively renovated pre-war buildings and small-scale development. As is common in Zehlendorf, gardens and green spaces provide a pleasant living environment.

    Post and bank offices, as well as the urban railway station are within walking distance from the property. There is a motorway exit nearby.

    The city center can be reached in about 30 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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    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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    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
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    We can take over the management of your property or recommend a suitable management company

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    At the investor's request, we can arrange a remote purchase with the least possible visits to the country

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