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Microapartment, Berlin, Germany

180,000 €
6,666 € /m²
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Total area: 27 m²
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Features
  • Yield: 4.6%
  • Operating Incomе: 8,310 €
  • Completion in 2017.IV
  • 6-floor building
  • Loan size: 50% of the value of the object
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 3.6%
  • Balcony or terrace
  • Internet
  • TV
  • Furnished
  • Car parks

Apartment for rent.

Description

Student apartments in a modern residential complex, which is comprised of 193 flats (21 — 38 sqm).

The construction will be completed in Q4 2017.

The property of this type is sought-after for students-tenants. The owner gets long-term rent revenue for the low cost investment. 

Interior 

Apartment consists of a light living-room combined with a kitchen and a dining area, and a bathroom.

Equipment 

  • flat is furnished;
  • kitchens equipped with modern appliances.

Advantages

Complex may offer at residents'disposal: lounge with access to the terrace, event room, laundry, vending machine for hot and cold drinks in the hall, roofed area for bicycles and underground parking for 30 cars. Personal parking lot costs 39,000 €. Each apartment has a cellar compartment with the size of 1 m² There is a security service in the building.

Owners may use services of management company, which assumes responsibilities associated with searching for tenant, singing lease agreement, property maintenance, managing, tenant communications, insurance, renovation, etc.

Financial performance

Projected absolute income with a deduction of expenses on management company amounts to 8,310 €.

Projected yield of 4.6%.

Loan

There is the possibility of obtaining a mortgage lending in the amount of 50% of the total value of the apartment.

Transaction costs

Notary (state registration) is 1.5%.

Acquisition tax is 6%.

With the purchase of 10 or more apartments the brokerage fee is absent (with the purchase of less than 10 apartments the brokerage fee will be 3.57%).

The cost of ownership

The management costs 820 € per year.

For letting an apartment for rent management the management company takes a commission in the amount of a monthly rent.

Location and nearby objects

The residential complex is situated in the district of Prenzlauer Berg. There are parks, many shops, movie theatres, fitness clubs and several shopping malls located in close proximity to the house. Public transport stops and Metro stations are located withtin walking distance from the building.

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Alexandru-Viorel Hincu
Alexandru-Viorel Hincu
Property Advisor
+44 20 3608 1267
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