Office center, Berlin, Germany

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Office center, Berlin, Germany

7,500,000 €
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  • Yield
    4.7%
  • Rental rate (m²/month)
    12 €
  • Built in 
    1994
Details
Property parameters
  • Leasable area: 2,376 m²
  • Land area: 853 m²
  • Total premises: 14
  • Number of parking lots: 25
Financial performance
  • Annual income: 352,435 €
Tenants
  • Occupancy: 96%
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Office building in Berlin.

Description

The office center consists of 14 commercial units. The total leasable area of the building is 2,376 m².

There is a car parking for 25 places.

Financial performance

The current annual net income is 338,834 €.

The current yield is 4.5%.

The expected annual net income is 352,435 €.

The expected yield is 4.7%.

Tenants

The premises are leased by 96%.

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 building is located in Berlin, in the Reinickendorf district.

Berlin is the capital and largest city of Germany by both area and population. Its more than 3.5 mln inhabitants make it the most populous city proper of the European Union.

Many German and international companies have business or service centers in the city. For several years Berlin has been recognized as a major center of business founders.

More properties

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

All ads in the country: office buildings 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.

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  • 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 office building purchase with a construction loan

Investment vehicle
Office building
Construction loan
Yield per annum
4.7%
8—10%
Investment budget
7,500,000 €
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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