Six-storey building with office premises.
Description
Total area of the property is 2,569 m²
The building consists of 3 wings, which include 20 offices and 21 storage rooms. The property is provided with 2 elevators.
The purchase price of the property includes 10 parking lots in the inderground garage of the neighboring building.
The office building was built in 1912. It was renovated in 1997, the incoming and outgoing water pipes were replaced, the electrical system was overhauled and a new gas central heating system was installed. The property is a memorial building.
There is a possibility to convert the office builfding into a hotel with 70 or 90 rooms.
All premises are leased out to two tenants. Lease agreements are signed for a period of 1 to 3 years. In August 2017, the rental price of premises will be indexed for 36,000 euros.
Absolute annual income is 452,475 €.
The current yield of 3.1%.
Projected absolute annual income is 488,475 €.
The projected yield of 3.4%.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
The broker's fee of 4%.
The office building is situated in Mitte — the central district of Berlin. This area has developed transport system — public transport stops, Metro stations and main railway station are located within walking distance from the property.