Apartment building in very good condition.
Description
The four-story apartment building includes 8 apartments with a total area of 746 m².
The building was completely renovated in 2004. Over the course of this renovation, all the service pipes were renewed, the electrical wiring was completely replaced and a new heating system was installed. In addition, all the units were renovated and now have primed and painted walls, modern fitted kitchens and refurbished hardwood floors. On the ground floor, two new units have been created with terraces facing the garden.
The attic floor still offers potential for further development. In the course of the renovation, all the utility pipes were already laid up to the attic floor and the top storey ceiling was insulated.
The absolute annual income is 66,109 €.
The current yield is 3.4%.
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 n the district of
Oberschöneweide, close to the Berlin University of Applied Sciences for
Engineering and Economics (HTW Berlin) and the Spree River. About 8,000 students attend classes and work on the university campus.
There are various shops, cafes and restaurants, a sports hall, a cinema and a swimming pool located neraby. The urban railway station is about one kilometre away offering outstanding connections to the city centre, rounding off the property’s good infrastructural location.
The city center can be reached in about 35 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.
