Apartment package in a residential complex under construction, Schöneberg, Berlin, Germany

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Apartment package in a residential complex under construction, Schöneberg, Berlin, Germany

2,190,000 €
10,092 € /m²
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  • Total area
    217 m²
  • Completion in
    2024.III
Details
Property parameters
  • Total premises: 4
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 4.0% + VAT

Apartment package in a residential complex under construction in Berlin.

Description

The package includes four two-room apartments of approximately 55 m² each.

Completion: III quarter 2024.

There are a total of 7 buildings with 219 exclusive residential and 8 commercial units will be created on 7 floors. The closed and spacious private courtyard with approx. 3,000 m² offers the residents a private green area in the middle of the city to enjoy and relax. In addition, there will be made with 80 parking spaces as well as over 400 bicycle parking spaces and storage rooms for prams in the basement. The residential complex includes apartments with 1–5 rooms with an area of 27 m² — 190 m² with prices ranging from € 262,000 to € 2,565,000.

The price of a parking space is € 48,000.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 6%.

Brokerage fee is 4% + VAT 19% (total 4.76%).

Location and nearby infrastructure

The property is located in Berlin, in the Schöneberg district.

Known for its wide boulevards and multifaceted architecture, Schöneberg is a colorful district that’s home to an unlikely mix of people of all cultures and ages. Vibrant outdoor markets, a wide range of vintage and luxury shopping, an eclectic food scene, charming cafes and bars, and lively street festivals.

The residential area combines everything you need for quality living — central location, excellent transport connections and awide range of activities.

Three U-bahn stations are less than a 10-minute walk from the project. Popular Berlin locations (Zoologischer Garten, Potsdamer Platz and Alexanderplatz) can be reached in 20–30 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. The city is home to large corporations such as Siemens, Volkswagen, Pfizer and SAP.

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.

Berlin-Brandenburg Airport serves over 20 million passengers annually.

More properties

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

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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.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice
Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a apartment units purchase with a construction loan

Investment vehicle
Apartment units
Construction loan
Yield per annum
2%-4.5%
8—10%
Investment budget
2,190,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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