A plot with a project for the construction of student apartments in Berlin.
Land plot of 712 m² with permission to build a student dormitory with a total area of 1,730 m² (net floor area of 1,319 m²).
The project involves the construction of 45 micro-apartments (from 18 to 25 m² each).
Land value: 4,000,000 €.
Turnkey project cost (including the purchase of land plot): 10,000,000 €.
Deal structure: Asset deal.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
The building is located 5 km from the center of Berlin. In the immediate vicinity of the micro-apartments there are several grocery stores of the well-known large retail chains. Bus stop — just 100 m away.
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.