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Buy-to-let apartment package with a yield of 3.9% in Berlin, Germany

1,360,000 €
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  • Yield
    3.9%
  • Rental rate (m²/month)
    23 €
  • Built in 
    2022
Details
Property parameters
  • Leasable area: 191 m²
Financial performance
  • Annual income: 53,000 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%

The package of five apartments in a new six-story building.

Description

The total area of five apartments is 191.3 m² (each unit is 60.8 – 67.5 m²).

Apartment formats: studios, one-room apartment.

Completion date: 2022. III.

The developer is a well-known company with a large track record operating in Germany, the Netherlands, Greece, Spain and Portugal.

Financial performance

The annual income is 53,000 €.

The yield is 3.9%.

Tenants

Lease concept: the rental management company offers such a popular format as fully furnished apartments with the possibility of renting out in the medium (from 7–12 months) and long-term period. The owner can decide to use the services of this management company or not.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 6%.

The apartments are sold without commission for the buyer.

Location

Mitte is the geographical and political center of Berlin, where most famous social and cultural attractions are located. The combination of these enticing factors has has made for a booming commercial and residential real estate scene where property prices are on the rise. This district also has an excellent infrastructure: there are restaurants, cafes, bars, as well as hospitals, supermarkets, schools and kindergartens.

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If this ad doesn't suit you, have a look at the other block of flats for sale in Mitte.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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