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.
The annual income is 122,500 €.
The yield is 2.45%.
93% of the area are let. One commercial premises 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 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.