Apartment building with three commercial spaces and two garages on the ground floor.
Description
The apartment building includes 34 apartments with a total area of 2,522 m², three commercial spaces with a total area of 277 m² and two garages.
There has been submitted an application for the conversion of the attic floor into a residential area with a total area of 500 m² and the construction of an elevator.
The building needs to be renovated.
Deal type: Share deal or Asset deal.
Energy performance certificate:
- main energy source: central heating system
- energy consumption level is 147.10 kWh/ m²
- valid until 11/24/2023
The absolute annual income is 196,798 €.
The current yield is 2.3%.
The expected annual income is 222,167 €.
The expected yield is 2,6%.
Currently, two flats and one commercial unit are vacant.
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 in Wedding area, within walking distance to Leopoldplatz, close to various shops and entertainment and recreation centers. The Schiller, Humboldthine and Volkspark Reberge parks are within walking distance.
Also, the University of Applied Sciences of Berlin, the District Hall, the University of Rudolf Virchow, the Charité Hospital are located nearby.
Wedding is an area of Berlin in the administrative district of Mitte.
Mitte is the central district of Berlin, dynamically developing. In addition to residential buildings, there are headquarters of many international and national companies, as well as the Bundestag and Bundesrat, embassies and the federal government.
In addition, the Mitte district is the cultural center of Berlin: within walking distance are Alexanderplatz and Potsdamer Platz squares, the Hack courtyards, and the famous Unter den Linden street. The quarter around Friedrichstraße (Friedrich straße) is known as the prestigious business center of the capital.
