- 27,285,000 €
- 4.7% yield
Apartment building in the Kreuzberg district.
Description
The apartment building includes 25 apartments with a total area of 1,612 m² and two commercial spaces on the ground floor with a total area of 77 m².
The property is in very good condition.
Fully let.
The property is located in the Kreuzberg district, a 2-minute walk from the metro station. There are all the main infrastructural facilities nearby: various parks, schools, shops, supermarkets, cafes and restaurants.
Kreuzberg is one of the most popular districts of Berlin. The population of Kreuzberg is more than 150,000 people.
Kreuzberg is known for its special cultural and historical atmosphere. The architecture of the district is determined by the historic stucco houses of the Wilhelmina era and the beginning of the 20th century. The area has many shops, cafes and restaurants, as well as leisure facilities, including Victoria Park with Kreuzberg Hill. The area is served by numerous bus routes, as well as metering stations ”Mehringdamm“ and ”Yorkstraße“.
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.
The average monthly salary in Berlin is about 2,200 €.
The purchasing power index for March 2019 is 108.67 (12th place in the country).
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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.
We use a methodology that enables us to formulate requests and find good deals in the market
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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