Apartment building with commercial spaces, Berlin, Germany

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Apartment building with commercial spaces, Berlin, Germany

3,150,000 €
3,207 € /m²
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  • Total area
    982 m²
  • Yield
    3.4%
  • Built in 
    1896
Details
Property parameters
  • Land area: 333 m²
  • Total apartments: 13
  • 5-floor building
Financial performance
  • Annual income: 108,097 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Apartment building in very good condition.

Description

The apartment building includes 13 apartments with a total area of 842 m² and 2 commercial spaces on the ground floor with a total area of 140 m².

Since 2015, a central gas heating system has been used in the building.

There is an undeveloped attic.

Tenants

Fully let.

Commercial spaces are leased a medical office and a restaurant.

Location and nearby infrastructure

The property is located in the western part of Berlin, in the Charlottenburg area.

Charlottenburg is one of the oldest districts of Berlin. It has many theaters, restaurants and museums. It also houses one of Berlin's most famous boulevards, Kurfürstendamm, where the best shops of the city and the popular KaDeWe shopping center, built in 1900, are located.

The metro station is within walking distance from the property. There are various shops, a supermarket, cafes and restaurants, playgrounds located nearby.

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.

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