Apartment building divided into condominiums with four commercial spaces.
Description
The apartment building includes 25 apartments with a total area of 1985 m², four commercial spaces with a total area of 265 m² and two storage spaces with a total area of 111 m².
Over the past few years the building and apartments have been renovated, the courtyard has been landscaped, the facades have been painted. The building is constantly maintained in very good condition.
It is possible to convert the attic into a residential area.
Share Deal is possible.
The absolute annual income is 140,608 €.
The current yield is 2%.
The expected annual income is 147,664 €.
The expected yield is 2.8%.
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 in the central part of Berlin, not far from the river Spree. Nearby there are the Gotzkovsky Bridge and the Technical University of Berlin as well as numerous company headquarters, which contributes to increasing demand for housing in the area. The property is close to metro stations and bus stops.
The center of Berlin can be reached in 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.
In 2017 Berlin's GDP grew in real terms by 3.1% compared to the previous year and for the 3rd time in a row it was more than 3%.
In the national comparison, Berlin took the 2nd place and significantly exceeded the average growth of 2.2% in Germany.
In 2017 the salaries of the middle-level employees in Berlin averaged more than 3,260 euros per month.
The average gross monthly income increased by 2.7% compared to the previous year.
Unemployment rate — 9.0% (2017).
Consumer price index — 111.4 (2017).
GDP — 136 billion euros (2017)
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.
