Stucco old apartment building with commercial premises.
Description
The apartment building includes 15 apartments with a total area of 1,386 m² and one commercial unit on the ground floor with an area of 142 m².
The building is constantly maintained in good condition.
It is possible to convert the attic.
The absolute annual income is 105,866 €.
The current yield is 2%.
Fully let.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
The brokerage fee is 6% + 19% VAT (in total 7.14%).
The property is located on a quiet street in a very demanded residential area near Volkspark Hazenheide. There is a metro station, various cafes and restaurants, shops and a cinema located nearby.
The city center can be reached in about 20 minutes.
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. Several large corporations, such as Siemens, Volkswagen, Pfizer and SAP, have headquarters in Berlin.
2 airports of Berlin — Tegel and Schönefeld — serve more than 40 million passengers a year.
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.