Description
The building with an area of about 1,100 m² is in good condition.
The annual income is 182,983 €.
The yield is 4.95%.
The building is fully let. The tenant is a well-known supermarket chain with several thousand grocery stores in Europe.
The lease agreement has been concluded till 2026 with 3x5 years extension options.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
The property is located in Berlin, in Treptow-Köpenik.
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.
Berlin-Brandenburg Airport serves over 20 million passengers annually.