Apartment building in the central area of Berlin, Germany

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Apartment building in the central area of Berlin, Germany

6,575,000 €
3,652 € /m²
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  • Total area
    1,800 m²
  • Yield
    3.58%
  • Built in 
    1900
Details
Property parameters
  • Land area: 820 m²
  • Total apartments: 17
  • 6-floor building
Financial performance
  • Annual income: 235,607 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

The building consists of 3 commercial units and 17 apartments, 40% of which have beed renovated.

  • Underfloor heating
  • PVC windows
  • Gas
  • 2 balconies on the top floor

The front facade has been recently renovated, and all the front windows have been replaced.

There is a building permit for a new office building with an area of about 1,000 m² at the back of the property.

Tenants

The property is fully let.

Some units have fixed-term lease agreements that expire annually.

Location and nearby infrastructure

The property is located in a sought-after and central residential area of Berlin.

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. Berlin-Brandenburg Airport serves over 20 million passengers annually.

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

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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