Office, Berlin, Germany

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Office, Berlin, Germany

1,070,000 €
5,944 € /m²
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  • Total area
    180 m²
Details
Property parameters
  • 7-floor building
  • 1 floor
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 5.0% + VAT

A new office space without a tenant on the ground floor of the apartment building.

Description

The total area of the property is 180.93 m².

The office includes a WC of 12.73 m² and a balcony of 3.54 m².

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

The brokerage fee is 5% + 19% VAT (in total 5.95%).

Location and nearby infrastructure

The property is located in the Tiergarten district, in 1.5 km from the KaDeWe store and in 3.6 km from the Kurfürstendamm boulevard. There are public transport stops, metro stations, and a park in a walking distance from the office. Numerous shops and cafes are located just in two bus stops from the property.

It is planned to build multi-family houses with about 500 apartments next to the office, which will increase the population of the district.

Berlin is Germany's fastest-growing major city. Over the past 7 years, the purchasing power of the population has increased by 20%.

More properties

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

All ads in the country: offices 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 office purchase with a construction loan

Investment vehicle
Office
Construction loan
Yield per annum
4%—5%
8—10%
Investment budget
1,070,300 €
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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