- 27,285,000 €
- 4.7% yield
- Pankow Apartment building 7,200,000 €
- Basic parameters
- Photo
№ 2,280,579
Apartment building in Pankow
7,200,000 €
- Apartments 20
- Yield 4.16%
- Constructed 2014
- Price per key —
Key project parameters
- Leasable area
- 1,800 m²
- Apartments
- 20
- Number of parking lots
- 15
- Constructed
- 2014
Project description
Description
The building with a leasable area of 1,800 m² consists of about 20 flats.
There is a parking for about 15 cars.
Extra information
Car parks
Tenants
- Agreement
- n/a
The property is fully let.
Financial performance
- Yield
- 4.16%
The annual income is 299,742 €.
The current yield is 4.16%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
The brokerage fee is 6% + 19% VAT (in total 7.14%).
Location and nearby infrastructure
The property is located in a popular residential area of Berlin, near the city center, schools and a kindergarten.
The area has good public transport connections. Berlin city center can be reached in 15 minutes by tram.
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. Several large corporations, such as Siemens, Volkswagen, Pfizer and SAP, have headquarters in Berlin.
2 airports of Berlin — Tegel and Schönefeld — serve more than 40 million passengers a year.
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.
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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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