Description
The 3-storey building of about 500 m² consists of 5 apartments with areas from 50 m² to 140 m² and 1 commercial unit.
The plot area is about 570 m².
There is a spacious garden.
The current annual income is 49,000 €.
The expected annual income is 75,886 €.
The current yield is 2.45%.
The expected yield is 3.79%.
58% of the property are let (2 apartments are vacant).
The commercial unit on the ground floor has beed let to a restaurant till 2027.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
The property is located in the central residential district of Kreuzberg, near major shopping streets, a park, metro stations and public transport stops.
Berlin is the capital of Germany with the population more than 3.9 million people.
Within EU Berlin is one of the cities with the highest business activity. About 80% of companies in Berlin work in the services sector. The city is home to large corporations such as Siemens, Volkswagen, Pfizer and SAP.
Today Berlin is a world cultural center and one of the most visited cities on the continent. The annual number of tourists exceeds 30 million people.
Berlin-Brandenburg Airport serves over 20 million passengers annually.