Apartment building in Mitte

Apartment building with the possibility of getting an additional income through the sale of apartments.

Description

The apartment building includes apartments with a total area of 2500 m².

There is the possibility of building a penthouse area of 100 m².

Central heating is conducted. Energy certificate is available. Each apartment is assigned a basement for storage.

The property is in a good condition.

All apartments are leased. Tenants are individuals and commercial organization.

The recommended term for the sale of apartments is no earlier than 2023 (after expiration of the contract with a commercial tenant). Potential sales revenue will be around € 12,500,000.

The absolute annual income is 269,115 €.

The current yield is 3.3%.

The expected annual income is 285,425 €.

The expected yield is 3,5%.

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

The brokerage fee is 6% + 19% VAT (in total 7.14%).

The property is located in the Mitte district, one of the most expensive and popular areas of Berlin.

There is a large office and residential cluster of business class located nearby.

The nearest metro station is within walking distance.

The Central Railway Station can be reached in 10 minutes.

Mitte is the central district of Berlin, dynamically developing. In addition to residential buildings, there are headquarters of many international and national companies, as well as the Bundestag and Bundesrat, embassies and the federal government.

In addition, the Mitte district is the cultural center of Berlin: within walking distance are Alexanderplatz and Potsdamer Platz squares, the Hack courtyards, and the famous Unter den Linden street. The quarter around Friedrichstraße (Friedrich straße) is known as the prestigious business center of the capital.