Commercial buildings complex in Eastern Berlin

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Commercial buildings complex in Eastern Berlin

5,750,000 €
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Total area: 5,988 m² Yield: 4.0% Built in 1896
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Features
  • Absolute return: 230,000 €
  • Number of parking lots: 22
  • Total rooms: 50

It is a complex of five commercial buildings for sale in the north-east of Berlin.

Description

The total building area of 5,988 m².

The oldest building was constructed in 1896. The complex is well-maitained.

There are of 50 commercial units in total.

There is a parking for 22 cars.

Most of the areas are leased out to various tenants.

Redevelopment

There is a possibility to construct additional building area of 1541 m². All necessary permits are granted.

Attic space may also be converted into commercial units.

Financial performance

Absolute income is 230,000 €.

The current yield of 4%.

Projected income (full occupancy) is 373,750 €.

The projected yield of 6,5%.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 6%.

The broker's fee of 7,14%.

Location

Close proximity to public transportation, railway station and metro, as well as a major Berlin highway.

Shops, shopping malls and other infrastructure are within the walking distance.

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Sofiya Bulanova
Sofiya Bulanova
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services