№ 1,809,372

Apartment building in Steglitz-Zehlendorf

1,650,000 €
  • Apartments 6
  • Yield 4.0%
  • Constructed  1989
  • Price per key —
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Irina Pchelinova
Irina Pchelinova
Investment consultant in Steglitz-Zehlendorf
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    Key project parameters
    Leasable area
    540 m²
    Land area
    802 m²
    Apartments
    6
    Number of parking lots
    4
    Floors
    3
    Constructed 
    1989
    Project description

    Three-storey apartment building with a converted attic in Berlin.

    Description

    The apartment building includes 6 apartments with a total area of ​​540 m². The area of ​​each apartment is on average 90 m².

    In 2018, in one of the apartments was renovated.

    The apartments on the first floor have terraces, on the upper floors there are spacious balconies.

    The house has a central gas heating system, electricity meters are installed in the basement.

    The building is maintained in good condition.

    Energy certificate:

    main source of energy: gas

    final power consumption: 145 kWh/ m²a

    valid until 08.28.2028

    Extra information
  • Car parks

    Car parks

  • Balcony or terrace

    Balcony or terrace

  • Tenants
    Agreement
    n/a

    Two flats are vacant.

    Financial performance
    Yield
    4.0%

    The absolute annual income is 34,144 €.

    The current yield is 2,1%.

    The expected annual income is 62,297 €.

    The expected yield is 3.8%.

    The expected yield is achieved by renting two vacant flats and one parking lot.

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    Transaction costs

    Notary (state registration) is 1.5 – 2%.

    Acquisition tax is 6%.

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

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    Location and nearby infrastructure

    The property is located in one of the popular residential areas of Berlin, Steglitz-Zehlendorf. Bars, restaurants, shops, kindergartens, schools and public transport stops are located nearby.

    The center of Berlin can be reached in 25 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.

    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.

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    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
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    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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