Apartment building, Berlin, Germany

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Apartment building, Berlin, Germany

18,150,000 €
4,776 € /m²
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  • Total area
    3,800 m²
  • Yield
    2.5%
  • Built in 
    1905
Details
Property parameters
  • Land area: 1,100 m²
  • Total apartments: 22
Financial performance
  • Annual income: 453,867 €
Tenants
  • Occupancy: 97%
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Description

The building of 3,800 m² consists of residential and commercial premises:

  • Residential accommodation (22 flats, 16 of which have been renovated) — 3,000 m²
  • 7 commercial premises — 800 m².

There are 2 elevators.

Plot area — 1,100 m².

Financial performance

The annual income is 453,867 €.

The yield is 2.5%.

Tenants

Currently, all the flats are let. Two commercial premises of 130 m² are vacant.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

Brokerage fee is 6% + VAT 19% (total 7.14%).

Location and nearby infrastructure

The property is located in the Charlottenburg district. Distance to the city center is less than 10 km.

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. The city is home to large corporations such as Siemens, Volkswagen, Pfizer and SAP.

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.

Berlin-Brandenburg Airport serves over 20 million passengers annually.

More properties

If this ad doesn't suit you, have a look at the other apartment buildings for sale in Berlin.

All ads in the country: apartment buildings for sale in Germany.

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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