Apartment building, Berlin, Germany

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Apartment building, Berlin, Germany

6,150,000 €
2,365 € /m²
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  • Total area
    2,600 m²
  • Yield
    3.9%
  • Built in 
    1990
Details
Property parameters
  • Land area: 800 m²
  • Total apartments: 28
  • Number of parking lots: 3
Financial performance
  • Annual income: 241,200 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Description

The building of 2,600 m² is in good condition and consists of residential and commercial premises:

  • Residential accommodation (28 flats) — 2,400 m²
  • 3 commercial premises — 200 m².

Plot area — 800 m².

There are 3 parking spaces.

Financial performance

The annual income is 241,200 €.

The yield is 3.9%.

Tenants

Currently, all the flats 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.

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    Marina Filichkina
    Marina Filichkina,
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