Apartment building with commercial space, Berlin, Germany

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Apartment building with commercial space, Berlin, Germany

3,500,000 €
2,507 € /m²
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  • Total area
    1,396 m²
  • Yield
    3.0%
  • Built in 
    1900
Details
Property parameters
  • Land area: 506 m²
  • Total apartments: 22
  • 6-floor building
Financial performance
  • Annual income: 106,308 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Apartment building in the district of Moabit.

Description

The apartment building includes 22 apartments with a total area of 1,367 m² and an office unit on the ground floor with an area of 29 m². The highly rentable sizes of apartments are between approx. 31 m² and 81 m².

The attic floor was converted for residential use in the 1980s.

The building uses a modern central gas heating system.

Energy Performance Certificate:

  • main energy source: gas
  • final energy consumption: 169,00 kWh/ m²
  • valid until: 26.10.2026

Tenants

Fully let.

Location and nearby infrastructure

The property is located in the central part of the developing Moabit area, on a quiet street near the park. Various shops and small department stores are within walking distance. There is also a metro station and several public transport stops located nearby.

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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    Marina Filichkina,
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