№ 1,814,848

Apartment building 910 m² in Steglitz-Zehlendorf

2,050,000 €
2,252 € /m²
  • Apartments 9
  • Yield 3.8%
  • Constructed  1992
  • 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
    910 m²
    Total area
    910 m²
    Land area
    1,133 m²
    Apartments
    9
    Number of parking lots
    5
    Floors
    3
    Constructed 
    1992
    Project description

    The complex of two apartment buildings, consisting of front and rear buildings, in a quiet area of ​​Berlin.

    Description

    The front apartment building includes 6 flats two of which are two-level, have an internal staircase and are located on the ground and basement floors. There are two rooms for recreation in the attic.

    The back building includes 3 flats one of which is two-level consisting of a living area and a room for recreation.

    The total area of ​​9 flats is 835 m², of three rooms for recreation – 75 m².

    All flats are equipped with kitchens and bathrooms, have balconies or terraces.

    Both buildings have basements, bicycle storage rooms and technical rooms. The gas central heating system with centralized hot water purification system is installed.

    There is parking for 5 cars. There is a playground in the courtyard.

    Energy performance certificate:

    • main energy source: natural gas
    • consumption value: 134 kWh/ m²a
    • valid until 08.06.2028
    Extra information
  • Garden

    Garden

  • Car parks

    Car parks

  • Balcony or terrace

    Balcony or terrace

  • Tenants
    Agreement
    n/a

    All spaces are leased.

    Financial performance
    Yield
    3.8%

    The absolute annual income is 77,567 €.

    The current yield is 3,78%.

    The expected annual income is 78,047 €.

    The expected yield is 3,81%.

    The expected yield is achieved by renting a free parking space.

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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 the popular residential area of Berlin, Steglitz-Zehlendorf. There are various shops, supermarkets, restaurants and cafes located nearby. There are various parks and the Botanical Garden, stops of various bus lines and the S-Bahn station.

    The center of Berlin can be reached in 45 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.

    Find out more
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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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