Student apartment in Berlin, Germany

139,000 €
7,315 € /m²
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Total area: 19 m² Land area: 4,112 m² 1 bathroom
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Features
  • Yield: 3.8%
  • Operating Incomе: 5,257 €
  • Completion in 2019.I
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 3.6%
  • Total rooms: 1

Apartment for renting to students in a new residential complex in Berlin-Mitte.

Description

The residential complex includes three buildings.

Apartments are rented in a medium-term lease for 6–12 months.

The construction was begun in spring 2017 and will be completed in the end of 2018 — Q1 2019.

The residential complex consists of 334 apartments ranging from 19 m² to 25 m².

The cost of apartments ranges from 139,000 € to 184,000 €.

Energy standard: EnEV 2016

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

It is possible to purchase a package of several apartments.

Interior

An apartment includes a living room combined with a kitchen and a dining area, and a bathroom. 

Equipment

  • fitted kitchen
  • wardrobe
  • heating floors

Advantages

The complex may offer at residents' disposal: a laundry in the basement, storage cells and a parking for bicycles. The owners may use services of management company, which assumes responsibilities associated with searching for tenants, singing lease agreement, property maintenance, managing, tenant communications, insurance, renovation, etc.

Financial performance

The projected annual income after deducting costs for the management company is 5,257 €.

The projected yield of 3.8%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.0%.

The brokerage fee is 3.57%.

The cost of ownership

The cost of the management company is 593 € per year.

Location and nearby objects

The address is Berlin, Gerichtstraße 65.

The residential complex is located in the city center, in a 4-minute walk from the U-Bahn station. A supermarket, a pharmacy and many attractions of the city are located not far from the property.

Distance to important sites:

  • Humboldt University of Berlin — 3.5 km (5 U-Bahn stations)
  • Charite Community Complex — 2.6 km (3 U-Bahn stations)
  • Museum Island — 3 km
  • Hackescher Markt — 3 km
  • Alexanderplatz — 4 km
  • Humboldt-Hahn National Park — 500 m
  • Central railway station — 2.5 km

Supermarkets
Schools
Cafe and restaurants
Hospitals
Airports
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Vitaly Fedjanin
Vitaly Fedjanin
Real Estate Expert Tranio in Mitte
+44 20 3608 1267
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