Apartment building in Steglitz-Zehlendorf

Three-storey apartment building in Berlin.

Description

The apartment building includes 13 apartments with a total area of ​​793 m². Each apartment occupies approximately 60 m².

The thermally insulated top floor was constructed at the end of the 1980s. Six of the residential units and the facade have been renovated in the past two years.

The building is heated by an oil-fired central heating system and the hot water processing is also centralised.

The property is located on a spacious plot. Five garages and two outdoor parking spaces are available in the courtyard.

Energy performance certificate:

• final energy consumption: 144 kWh/ m²a
• valid until 09/28/2028

One flat is vacant.

The absolute annual income is 101,378 €.

The current yield is 3,8%.

The expected annual income is 107,723 €.

The expected yield is 4.1%.

The expected yield is achieved by renting a vacant flat and one parking space.

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 one of the popular residential areas of Berlin, Steglitz-Zehlendorf. Shops, kindergartens, schools and public transport stops are located nearby.

The center of Berlin can be reached in 35 minutes.

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.