- Berlin Apartment building 4,700,000 €
- Basic parameters
- Photo
№ 2,288,439
Apartment building, Berlin, Germany
4,700,000 €
2,186 € /m²
- Apartments 30
- Yield 3.48%
- Constructed 1910
- Price per key —
Key project parameters
- Total area
- 2,150 m²
- Land area
- 1,250 m²
- Apartments
- 30
- Constructed
- 1910
Project description
Description
The building of about 2,150 m² is in good condition and consists of about 30 apartments with areas from 50 m² to 130 m² and 2 shops.
Some flats have balconies.
Equipment: parquet flooring, tankless water heaters.
The plot area is about 1,250 m².
Extra information
Balcony or terrace
Wood parquet flooring
Tenants
- Agreement
- n/a
The property is fully let.
Financial performance
- Yield
- 3.48%
The annual income is 163,552 €.
The yield is 3.48%.
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 Tempelhof district, close to the promenade, schools, kindergartens, and public transport stops.
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.
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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
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- annual yield
- From 10%
- exit period
- 3 years
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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Mikhail Reyderman
Commercial Real Estate Expert
Commercial Real Estate Expert
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