Apartment building with commercial spaces, Berlin, Germany

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Apartment building with commercial spaces, Berlin, Germany

7,000,000 €
5,668 € /m²
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  • Total area
    1,235 m²
  • Yield
    2.7%
  • Built in 
    1907
Details
Property parameters
  • Land area: 2,713 m²
  • Total apartments: 3
Financial performance
  • Annual income: 189,100 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Apartment building with an adjacent property.

Description

The property includes a corner building built in 1907 and an additional adjacent property of 121 m².

The apartment building includes 3 apartments with a total area of ​​571 m² and three commercial spaces on the ground floor with a total area of ​​542 m². The area of ​​apartments varies from 170 to 200 m².

The property is heated by means of a gas central heating system that was installed in 2018.

At the end of the 1990s, the staircase was refurbished, the building services upgraded, the facades modernized and the residential units successively renovated. The apartments have been preserved historical architectural elements.

This year the facade was repainted and the roof was modernized

There is also a carport, a garage and two additional parking spaces on the plot.

The attic floor with two towers and an area of approx. 380 m² appears to be convertible for residential use.

Altogether the property presents itself in very well-maintained condition.

Tenants

Fully let.

Commercial spaces on the ground floor are leased to a dental office (until 2023 + renewal option for 2x5 years), veterinarian (until 2023) and a stationery store (until 2023 + renewal option for 1x5 years).

The adjoining property is leased to a pharmacy (until 2023).

Location and nearby infrastructure

The property is located in Berlin, in the popular Zehlendorf district, near the lake. The surrounding development is characterized by extensively renovated pre-war buildings and small-scale development. As is common in Zehlendorf, gardens and green spaces provide a pleasant living environment.

Post and bank offices, as well as the urban railway station are within walking distance from the property. There is a motorway exit nearby.

The city center can be reached in about 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.

More properties

If this ad doesn't suit you, have a look at the other apartment buildings for sale in Berlin.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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