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.

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 healthcare real estate purchase with a construction loan

Investment vehicle
Healthcare Real Estate
Construction loan
Yield per annum
5.1%
8—10%
Investment budget
3,950,000 €
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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