- 27,285,000 €
- 4.7% yield
- Tempelhof-Schöneberg Apartment building 4,175,000 €
- Basic parameters
- Photo
№ 1,820,742
Apartment building 1,625 m² in Tempelhof-Schöneberg
4,175,000 €
2,569 € /m²
- Apartments 8
- Yield 4.0%
- Constructed 1994
- Price per key —
Key project parameters
- Total area
- 1,625 m²
- Land area
- 1,851 m²
- Apartments
- 8
- Number of parking lots
- 28
- Floors
- 2
- Constructed
- 1994
Project description
Two-story apartment building in Berlin.
Description
The apartment building includes 8 duplex apartments located on the first floor and an extended attic with a total area of 941 m² and two commercial spaces on the ground floor with a total area of 684 m².
All apartments have access to the rear porch and are equipped with terraces and balconies.
There is an underground parking for 15 cars and an open parking for 13 cars.
The building also has a basement floor where the anchor tenant rents a warehouse of 79 m².
Energy performance certificate:
- energy source: natural gas
- energy consumption: 162.86 kWh/ m²a
- valid until 29.01.2024
Extra information
Car parks
Balcony or terrace
Tenants
- Agreement
- n/a
The anchor tenant of one of the commercial spaces is a beverage retail chain with more than 300 branches throughout Germany.
The lease agreement is valid until 2028.
Financial performance
- Yield
- 4.0%
The absolute annual income is 147,878 €.
The current yield is 3,5%.
The expected annual income is 160,662 €.
The expected yield is 3,9%.
The expected yield is achieved by renting out vacant parking lots.
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 on the outskirts of the Tempelhof area. There is a supermarket, various shops, cafes and restaurants, a market and a beauty salon nearby.
Just a few minutes walk from the hotel there are public transport stops, from here you can get to the city railway (S2).
The city center can be reached in about 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.
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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
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- 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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