- 27,285,000 €
- 4.7% yield
- Berlin Apartment building 17,800,000 €
- Basic parameters
- Photo
№ 2,355,222
Apartment building 4,900 m² in Berlin
17,800,000 €
3,632 € /m²
- Apartments 100
- Yield 4.62%
- Constructed 1899
- Price per key —
Key project parameters
- Total area
- 4,900 m²
- Land area
- 4,900 m²
- Apartments
- 100
- Constructed
- 1899
Project description
The building consists of about 100 apartments. The flats on the ground floor have private entrances.
- Central heating and hot water supply
- Elevator
- Wooden floors
- Modern bathrooms
- New windows and doors
Originally, the building served as a retirement home, and then as an office building. In 2015–2016, the building was extensively renovated and converted into an apartment building
Tenants
- Agreement
- n/a
The property is fully let.
Financial performance
- Yield
- 4.62%
Location and nearby infrastructure
The property is located in the central area of Berlin.
Mitte is the geographical and political center of Berlin, where most famous social and cultural attractions are located. The combination of these enticing factors has has made for a booming commercial and residential real estate scene where property prices are on the rise.
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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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
Diversify your portfolio - invest from $1 million in the construction of residential complexes in Dubai
- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
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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