Description
The building of about 2,300 m² is in good condition and consists of 30 apartments with areas from 40 m² to 110 m² and 2 shops.
Wooden windows have been installed.
The plot area is about 1,000 m².
There is a garden.
The current annual income is 176,336 €.
The expected annual income is 182,193 €.
The current yield is 3.15%.
The expected yield is 3.25%.
98% of the property are let (1 apartment is vacant).
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
The property is located in the central residential district of Kreuzberg, near major shopping streets, a park, metro stations 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.
