A seven-storey building with living premises.
Description
Total area of the property is 2,600 m²
The student dormitory was built in 1985. In 2017, the property was renovated and extended with the construction of a new rear building. New heating and ventilation systems were installed in the building. And the owner of the dormitory intends to redesign the facade of the front building.
10 apartments in the new building are fitted with the ”Smart Home“ systems.
All premises in the dormitory are leased out.
Type of transaction: Share Deal.
Absolute annual income is 410,000 €.
The current yield of 3.7%.
The tenant is a large co-living company, which operates more than 1,000 living premises in Germany.
The lease agreement is valid through 2037.
Type of the agreement: Dach & Fach. All expenses related to maintenance, repairs, annual taxes on ownership and insurance are entrusted on the tenant. The owner is responsible for the condition of the walls and the roof of the building.
Notary (state registration) is 1.5 – 2%.
The broker's fee of 6%.
The student dormitory is located in the district of Moabit, to the West of the central part of Berlin. There are an University, hotels, a hospital and restaurants situated in proximity to the property. A public transport stop and a Metro station are situated within 200 metres away from the student dormitory.
