+44 20 3608 1267
Office building in Berlin with a 8% yield

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Office building in Berlin with a 8% yield

12,500,000 €
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Total area: 9,647 m² Yield: 8.0%
  • Absolute return: 1,006,950 €
  • Land area: 3,558 m²
  • Built in 1992
  • Renter: 86%
  • Number of parking lots: 111
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 7.1%

It is an office center in Southern Berlin.

Description

The total area of the building is 9,647 m².

The plot of 3,558 m².

The property was built in 1992 and now is in good overall condition.

There is a parking for 111 cars.

86% of the areas are leased out.

Financial performance

Absolute income is 1,006,950 €.

The current yield of 8%.

Tenants

There are approx. 190 tenants.

Most of the lease agreements are short-term.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 6%.

The broker's fee of 7,14%.

Location

The property is located near the federal highway.

There are supermarkets, public transportation and several parks in close proximity.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in Berlin
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