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Office premises in a historic building near the heart of Berlin

2,160,000 €
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Total area: 260 m² Yield: 5.0% Built in 1900
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Features
  • Absolute return: 108,000 €
  • Percentage of the rented area: 100%
  • Most recent total renovation: 2002
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 7.1%
  • Total rooms: 5

It is office units investment in Prenzlauer Berg. Description

The total floor area is 260 m².

There are four offices and one side room.

The building was constructed in 1900 and renovated in 2002. Good condition.

The office has a tea kitchen, separate WCs, central heating.

All premises are leased out to a single tenant.

Financial performance

Absolute income is 108,000€.

The current yield of 5%.

Tenants

The tenant is strong company branch.

The lease agreement is valid until 2020 with extension options for 2x5 years and indexation of rental rates.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 6%.

The broker's fee of 7,14%.

Location

The property is situated next to the Arnimplatz, at the border to Wedding.

Shops, restaurants, bus stops, metro and train station are in the immediate vicinity.

More properties

If this property wasn’t for you, take a look at other offices for sale in Germany.

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