Package of student apartments in Berlin, Germany

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Total area: 104 m² Yield: 3.7% Completion in 2019.I
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Features
  • Operating Incomе: 28,236 €
  • Land area: 4,112 m²
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 3.6%

Five apartments for rent 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.

Financial performance

The projected annual income after deducting costs for the management company is 28,236 €.

The projected yield of 3.7%.

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 2,964 € 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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Enquire about this apartments package
Sofia Bulanova
Sofia Bulanova
Investment Consultant
+44 20 3608 1267
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    When you submit a request, you agree to our terms and conditions
    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services