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Apartment in Berlin with a 3.35% yield

402,000 €
4,060 € /m²
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Total area: 99 m² Yield: 2.4%
  • 5 floor
  • Total rooms: 3
  • Balcony
  • Internet
  • TV

This three-room apartment has a total area of 99 m² and is situated on the fifth floor of the historic bulding.

Key facts

  • Purchase prices start at approx. 206,000 EUR
  • Located in the centre of Berlin: Friedrichshain on the border with Berlin-Mitte and view to the TV tower
  • The Buildings are under monumental protection and compete for World Cultural Heritage
  • Rented units available as investment and free apartments for personal use
  • Residential buildings were designed as 'Working Palaces'and remind of the gingerbread style
  • Common property was refurbished in 2015
  • Parking spaces available

    Financial performance

    Absolute income is 9,636 EUR.

    The current yield of 2,4%.

    The yield will increase to 4,8% after the rent renewal.

    Transaction costs

    Notary fee of 1,5%.

    RE purchase tax of 6%.

    The broker's fee of 5,95%.

    Location

    Berlin is Europe's upcoming metropolis — 250,000 new inhabitants within the next 15 years are expected to settle in Berlin. The low, yet constantly increasing purchase prices and rents make it one of the most attractive investment destinations in the world.

    Strausberger Platz is a unique location in Berlin's central district of Friedrichshain-Kreuzberg on the border of the Berlin-Mitte borough. The project'Central Berlin'is located strategically close to Berlin's sightseeing hotspot: Alexanderplatz. Public transportation such as U-Bahn, S-Bahn and tram is available in the immediate vicinity. It is surrounded by various recreational areas, cafes, restaurants, shopping malls, art galleries and museums.

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    Anna Kurianovich
    Anna Kurianovich
    Investment Consultant
    +44 20 3608 1267
    Free advice on real estate in Berlin
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