709366 | Berlin 40 apartments Yield 4,2% in Three seven-sto

Berlin 40 apartments Yield 4,2% in Three seven-store buildings with a leasable area of 1,800 m²: Completion date: 2022. All apartments offer fully equipped living rooms, bedrooms, kitchens, bathrooms, balconies, and a workspace with internet access in Germany.

Property parameters 

• Leasable area: 1,800 m² 
• Land area: 1,500 m² 
• Total apartments: 40 
• 7-floor building 

Tenants

• Fully let

The apartment building construction project in the Köpenick district of Berlin.

Description

Three seven-storey buildings with a leasable area of 1,800 m²:

• about 40 fully furnished service apartments with an area of 1,600 m². All apartments offer fully equipped living rooms, bedrooms, kitchens, bathrooms, balconies, and a workspace with internet access.
• 3 commercial spaces of 200 m².

Completion date: 2022.

Financial performance

The annual income is about € 445,000.

The yield is 4,2%.

Tenants

Advantages

• Above-average yield: more than 4% p. a. vs. 2–3% if rented for a long term
• High liquidity: residential real estate has high liquidity
• Problem-free maintenance: a management company will be in charge of all issues related to the property and its tenants
• Forward Deal: the buyer doesn’t have the development risk
• Share Deal: the ability to avoid paying tax on the transfer of ownership
• Location: the proximity of the Adlershof technology park, the airport and a hospital

Location

The property is located in the south-east of Berlin, in Köpenick district and is very well connected to local public transport.

Direct buyers or representatives only.

More info/Financials details  after  NDA  -LOI – POF