Apartment building, Berlin, Germany

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Apartment building, Berlin, Germany

1,400,000 €
3,526 € /m²
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  • Total area
    397 m²
  • Yield
    2.8%
  • Built in 
    1996
Details
Property parameters
  • Land area: 678 m²
  • Number of parking lots: 5
Financial performance
  • Annual income: 38,542 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Apartment building in Berlin.

Description

The building consists of 5 apartments. The apartment sizes range between 60 m² and 115 m².

All premises are rented.

There is a parking for 5 cars in the territory of the building.

The building was built in 1996 and now it is in good condition.

Energy Performance Certificate

  • energy performance certificate type: consumption
  • main energy sources: gas
  • consumption value: 158,30 kWh/m²a
  • valid until 05.10.2018

Financial performance

Absolute annual income is 38,542 €.

The current yield of 2.8%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.0%.

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

Location and nearby infrastructure

The property is located in the Zehlendorf district, to the south-west from the center of Berlin. There are metro stations, public transport stops, parks and shops not far from the building. The city center can be reached in a 30-minute drive.

More properties

If this ad doesn't suit you, have a look at the other apartment buildings for sale in Steglitz-Zehlendorf.

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
Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a apartment building purchase with a construction loan

Investment vehicle
Apartment building
Construction loan
Yield per annum
2.8%
8—10%
Investment budget
1,400,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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