Description
The 4-storey building of about 1,500 m² is in good condition and consists of 20 apartments with areas from 35 m² to 90 m² and 3 shops.
The plot area is about 960 m².
There is a well-maintained green yard with a lounge area.
The current annual income is 133,171 €.
The expected annual income is 150,330 €.
The current yield is 4.04%.
The expected yield is 4.56%.
89% of the property are let (2 apartments are vacant).
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
The property is located in the of Neukölln, close to shops and public transport stops.
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. The city is home to large corporations such as Siemens, Volkswagen, Pfizer and SAP.
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.
Berlin-Brandenburg Airport serves over 20 million passengers annually.