- 27,285,000 €
- 4.7% yield
- Treptow-Köpenick Apartment building 1,600,000 €
- Basic parameters
- Photo
№ 1,814,392
Apartment building 705 m² in Treptow-Köpenick
1,600,000 €
2,269 € /m²
- Apartments 10
- Yield 4.0%
- Constructed 1928
- Price per key —
Key project parameters
- Leasable area
- 546 m²
- Total area
- 705 m²
- Land area
- 603 m²
- Apartments
- 10
- Floors
- 5
- Constructed
- 1928
Project description
Five-story apartment building with two commercial spaces close to the Berlin Institute of Technology and Economics.
Description
The apartment building includes 10 flats with a total area of 546 m² and two commercial spaces with a total area of 159 m².
The building is constantly maintained in good condition, many of the old building details are preserved, the attic floor has been converted into residential area.
Energy performance certificate:
- main energy source: natural gas
- consumption value: 102.9 kWh/ m²a including hot water
- valid until 20.07.2020
Tenants
- Agreement
- n/a
All spaces are leased.
Financial performance
- Yield
- 4.0%
The absolute annual income is 58,234 €.
The current yield is 3,6%.
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 in the area Treptow-Kopenik, close to the Berlin Institute of Technology and Economics. There is a shopping center, supermarket, cinema, cafes, bars and the Spree Embankment 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.
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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
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
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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