- 27,285,000 €
- 4.7% yield
- Berlin Apartment building 2,300,000 €
- Basic parameters
- Photo
№ 1,851,683
Apartment building 947 m² in Berlin
2,300,000 €
2,428 € /m²
- Apartments 6
- Yield 3.9%
- Constructed 1890
- Price per key —
Key project parameters
- Total area
- 947 m²
- Land area
- 817 m²
- Apartments
- 6
- Floors
- 5
- Constructed
- 1890
Project description
Apartment building in very good condition in the Köpenick area.
Description
The apartment building includes 6 apartments with a total area of 685 m² and 4 commercial units on the ground floor with a total area of 342 m².
Extensive maintenance measures and renovations were carried out in the 1990s on the electric wiring, hardwood floors, rising mains and some windows. During this period, balconies were also installed on the south side of the building.
There is a well-maintained courtyard and an adjacent building.
The units are heated by self-contained gas central heating systems.
Tenants
- Agreement
- n/a
All four commercial units and 2 flats will be handed over in a vacant state.
One flat on the top floor of the front building has already been sold, and the remaining units are being offered as condominiums.
Financial performance
- Yield
- 3.9%
The expected annual income is 88,903 €.
The expected yield is 3.9%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
The brokerage fee is 6% + 19% VAT (in total 7.14%).
Location and nearby infrastructure
The property is located in the green district of Berlin Köpenick in southeast Berlin, approx. 200 m away from the Dahme River. There is a supermarket, several shops, a restaurant, a school and a kindergarten.
Schönefeld Airport can be reached in a few minutes. The traffic links by car are outstanding, as are the public transport connections.
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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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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Property maintenance and insurance
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Search for tenants, contracting, and control over rent collection
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Arrangements for bookkeeping and tax advice
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
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
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
Providing transaction support
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
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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