Apartments in Germany. Apartments and offices in Berlin.
Object code is 9654
Type - Housing and commercial
Price - 10,000,000 €
Price per sq.m. - 2633 €
Year of construction - 1900
Year of modernization - 2000
The plot area is 1631 m2
Usable area - 3798 m2
Commercial / residential units - 41
Object status - Partially leased
The annual income is € 547,632
Yield - 5.48 %
Registration services - 714,000 €
Court costs - 119,000 €
Real estate acquisition tax - € 600,000
State duty (entry in the register) - 200 €
The cost, including additional costs, is € 11,433,200
* Data on the cost of services are not final and may change in one direction or another depending on the regional tariffs of the municipality and the notary.
We offer a profitable object with residential and commercial premises.
The proposed object is located in Berlin - the capital of Germany.
Real estate is only 15 minutes from the city center.
In the immediate vicinity of the facility is a school, kindergarten, branches of several large German retail chains and other necessary infrastructure for life and work.
On a plot of land with an area of approx. 1630 m2, which is also for sale and is already included in the price stated by the seller, are located:
• five-storey residential and commercial building
• four-storey building (former factory)
• three-storey office space
These objects include:
- 23 apartments with an area of approx. 1,910 m2
- 2 shops with an area of approx. 235 m2
- 16 office premises with an area of approx. 1,660 m2
The total area of all facilities is 3,800 m2.
There are eight parking spaces on the site.
These facilities have regularly undergone necessary repairs and upgrades and are in excellent condition.
The house has a basement for technical needs and storage of tenants.
Water, sewerage, electricity, internet and telephone services are available and connected.
According to the seller, retail space and all apartments are leased on a long-term basis and bring in 277,670.00 euros per year.
Two office spaces are empty.
The new owner can dispose of the property at his own discretion - to live in it, manage the property himself, rent it out or find a responsible manager.
Based on the average rental cost in the region, with proper management and full lease, this property can bring approx. 550,000 euros of annual income.
The facility is currently under external competitive management and will be put up for legal auction or sold directly by the bank through the court to a new investor.
It is offered for sale by the bank at the residual value and will be transferred to the new owner absolutely without any debts.
According to the forecasts of our company's specialists, during the court bidding the price of the object may be further reduced by 10-15%, which further increases the investment attractiveness of this property.
Our company is ready to provide all the necessary services for negotiations with the court and with the seller-owner, competent legal registration and after-sales management of the object.
Including on registration of the possible residence permit.
Distance to int. Berlin Tegel airport: 7 km (approx. 15 min by car)
Distance to the center. railway station: 15 km (approx. 20 min by car)
Distance to int. Berlin-Schönefeld Airport: 25 km (approx. 25 min by car)
Berlin is the capital of Germany, the largest and most populous city in Germany.
After London, Berlin is the second most populous and fifth largest city in the European Union. The city is located on the banks of the rivers Spree and Havel in the center of the federal state of Brandenburg, of which it is not a part.
Today, Berlin is a world cultural center. It is a major European transport hub and one of the most visited cities on the continent. Berlin's universities, research institutes and museums are known all over the world.
The historic center of Berlin is located in the lowlands, in the floodplain of the river Spree, between two moraine hills called Barnim and Teltov. Much of the modern city is also located on these hills: part of the territory in the administrative districts of Reinikkendorf, Pankov, Lichtenberg, Marzan-Hellersdorf is located in Barnim, and in the districts of Charlottenburg-Wilmersdorf, Steglitz-Zelendorf, Tempelhof-Neubert-Schönech.
Berlin is a major economic and financial center not only of Germany but also of the EU as a whole. Developed mainly the electronics industry, mechanical engineering, transport construction, the city is an important center of trade, a venue for international trade fairs and exhibitions. 30 German companies with the DAX index have their headquarters in Berlin, among them Siemens AG, Deutsche Bahn AG and others.
Extensive forests are located in the west and southeast of the city. Berlin is the greenest metropolis in Germany, with more than 2,500 parks, gardens and recreation areas. Their total area is about 5,500 hectares. Parks, forests, rivers, lakes and canals cover about 30 percent of the city's area. Tirgarten Park is located in the city center. It is the oldest and largest (210 hectares) park in Berlin for more than 500 years.
Berlin is a major transportation hub; a network of canals connects the city with the rivers Elbe and Oder. Berlin has a complex and diverse transport infrastructure. Local public transport is served by BVG and Deutsche Bahn AG and has 1,626 kilometers of bus routes, 187 kilometers of tram lines, 150 kilometers of metro lines and 328 kilometers of city rail.
Berlin is served by two airports - Tegel and located outside the city in the federal state of Brandenburg Schönefeld Airport.