Apartment building, Berlin, Germany

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Apartment building, Berlin, Germany

5,000,000 €
5,555 € /m²
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  • Total area
    900 m²
  • Yield
    2.45%
  • Built in 
    1900
Details
Property parameters
  • Land area: 500 m²
  • Total apartments: 20
  • 5-floor building
Financial performance
  • Annual income: 122,500 €
Tenants
  • Occupancy: 93%
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Description

The historic building of 900 m² dates back to the years of rapid industrial expansion in Germany at the end of the 19th century. It consists of residential and commercial premises:

  • Residential accommodation (18 flats) — 750 m²
  • 2 commercial premises — 150 m².

It's possible to increase the space by 63 m².

There is central heating.

Plot area — 500 m².

Financial performance

The annual income is 122,500 €.

The yield is 2.45%.

Tenants

93% of the area are let. One commercial premises is 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 Charlottenburg-Wilmersdorf.

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.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice
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