Apartment building with commercial spaces, Berlin, Germany

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Apartment building with commercial spaces, Berlin, Germany

19,000,000 €
7,265 € /m²
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  • Total area
    2,615 m²
  • Yield
    1.5%
  • Built in 
    1910
Details
Property parameters
  • Land area: 896 m²
  • Total apartments: 26
  • 5-floor building
Financial performance
  • Annual income: 274,546 €
Tenants
  • Occupancy: 70%
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

Apartment building in good condition in one of the most popular residential and business areas of Berlin.

Description

The apartment building includes 26 apartments with a total area of ​​2,173 m² and 5 commercial spaces with a total area of ​​443 m².

The building has classic architectural elements of the Gründerzeit period, for example, representative entrance areas and high ceilings, stucco moldings, wooden floors and doors. The apartments are renovated and are in very good condition.

It is possible to convert the attic into four residential spaces with a total area of ​​544 m². A request was also sent to install a passenger elevator.

There is a well-kept green courtyard.

Share Deal is possible.

Tenants

There are 10 vacant spaces with a total area of 1.034 m².

Location and nearby infrastructure

The property is located in the western part of Berlin, in the Charlottenburg area. There are various department stores, boutiques, restaurants and cafes. Also, University of Berlin, German Opera and theater are located nearby. A metro station and a bus stop are within walking distance from the property.

Charlottenburg is one of the oldest districts of Berlin. It has many theaters, restaurants and museums. It also houses one of Berlin's most famous boulevards, Kurfürstendamm, where the best shops of the city and the popular KaDeWe shopping center, built in 1900, are located.

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.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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