+44 20 3608 1267

Modern office building in Berlin with a 4,7% yield

9,200,000 €
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Total area: 2,778 m² Yield: 4.7%
  • Absolute return: 437,273 €
  • Land area: 603 m²
  • Built in 1994
  • 6-floor building
  • Renter: 100%
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 7.1%

It is an office center for sale central Berlin.

Description

The total area of this modern six-storey building is 2,778 m².

The plot of 603 m².

The property was built in 1994 and now is in excellent condition.

The building has two elevators and features central heating and hot water supply.

All areas are leased out to several tenants.

Financial performance

Absolute income is 437,273 €.

The current yield of 4,7%.

Tenants

The main tenants are bank, insurance company and fire brigade.

The lease agreements will expire in several years.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 6%.

The broker's fee of 7,14%.

Location

The property is situated in the center of Berlin, close to the park.

There are shops, cafes, public transportation and the metro station in the neighborhood.

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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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