- Berlin Mixed-use building 2,400,000 €
- Basic parameters
- Photo
№ 1,693,820
Commercial center, Berlin, Germany
2,400,000 €
1,628 € /m²
- Total area 1,474 m²
- Yield 5.1%
- Lease term 2025
- Constructed 1997
Key project parameters
- Total area
- 1,474 m²
- Number of parking lots
- 6
- Floors
- 3
- Constructed
- 1997
Project description
Detached three-storey building.
Description
The total area of the building is 1,474 m²
The commercial center consists of 9 office premise and 1 storage premise.
One office unit with the area of 84 m² is vacant.
There is a parking for 6 cars in the courtyard of the building.
The commercial center was built in 1997 and now is in a good condition. The first and the second floors are provieded with air conditioning systems. The building has an elevator.
Tenants
- Agreement
- Yes
- End of lease
- 2025
The anchor tenant is a day-care center. The lease agreement is valid until 01.05.2025 with extension option for 5 years.
Other tenants are medical offices and law firms.
Financial performance
- Yield
- 5.1%
Absolute annual income is 123,523 euro.
The current yield of 5.1%.
Financial performance on the condition that all premises are leased out:
Absolute annual income is 132,091 euro.
The projected yield of 5.5%.
Transaction costs
Notary fee of 1.5–2%.
RE purchase tax of 6%.
The broker's fee of 6%.
Location and nearby infrastructure
The commercial center is located in the dormitory district in the eastern part of Berlin. There are parks and public transport stops situated within walking distance from the building. A railway station is situated within 2 kilometers away from the property.
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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 10%
- exit period
- 3 years
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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Mikhail Reyderman
Commercial Real Estate Expert
Commercial Real Estate Expert
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