Three detached three-storey blocks of the apartment building with two office spaces in Berlin.
Description
The apartment building includes 30 flats with a total area of 2,687 m² and two office spaces with a total area of 470 m². The average area of each apartment is 90 m².
The buildings are staggered and have spacious terraces.
One of the residential units was renovated in 2018.
Basements of buildings are used as underground parking for 27 cars. There are also three open parking places.
The buidling has a central gas heating system. a decentralized hot water heating system is used, electricity meters are installed in blocks.
The apartment building is maintained in good condition.
Energy performance certificate:
- main sources of energy: district heating
- final energy consumption: 185.00 kWh/ m²a
- valid until: 12.06.2026
The absolute annual income is 273,598 €.
The current yield is 3,4%.
The expected annual income is 284,707 €.
The expected yield is 3.5%.
The expected yield is achieved by renting a vacant flat and underground garages.
One flat is vacant.
The lease agreement for office spaces is valid until January 31, 2024.
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 district Reinickendorf, near the metro station. Shops, kindergartens, schools and educational institutions are located nearby. The area has good transport links.
The center of Berlin can be reached in 30 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.
