Medical Center in Berlin, Germany

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Medical Center in Berlin, Germany

3,950,000 €
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  • Yield
    5.1%
  • Rental rate (m²/month)
    17 €
  • Built in 
    1993
Details
Property parameters
  • Leasable area: 1,000 m²
  • Land area: 1,400 m²
  • Total premises: 3
  • Number of parking lots: 10
Financial performance
  • Annual income: 201,000 €
Tenants
  • Fully let
  • End of lease: 2034
Property status
  • Most recent total renovation: 2010
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Medical Center in Berlin.

Description

The building with a leasable area of about 1,000 m² includes 3 separate premises.

The property is well maintained.

Financial performance

The annual income is 201,000 €.

The yield is 5.1%.

Tenants

The property is fully let.

There are 3 tenants in the building. All tenants have long-term lease agreements until 2034.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

Brokerage fee is 6% + VAT 19% (total 7.14%).

Location and nearby infrastructure

The property is located in Berlin, in the district of Pankow.

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.

Tegel and Schönefeld Airports of Berlin serve more than 40 million passengers a year.

More properties

If this ad doesn't suit you, have a look at the other healthcare real estate for sale in Berlin.

All ads in the country: healthcare real estate for sale in Germany.

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