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    Buy-to-let apartment – Lichtenberg, Berlin, Germany

    357,000 €
    • Yield 4.0 %
    • Annual income: 11,368 €
    • Total area 66 m²
    • Completion in: 2020.IV
    • 11-floor building
    • 11 floor
    • Notary (state registration): 1.5 %
    • Acquisition tax: 6.0 %
    • Total rooms: 3
    • 1 bathroom
    • Balcony or terrace

    Three-room apartment for renting in a new residential complex near the center of Berlin.

    Description

    The construction will be completed by the end of 2020.

    The residential complex consists of 56 studio apartments ranging from 30 m² to 33 m² and two-, three- and four-room apartments ranging from 59 m² to 84 m².

    The cost of the studios ranges from 149,000 € to 199,000 € and the cost of the apartments ranges from 219,000 € to 470,000 €.

    There are two commercial units on the ground floor of the building

    Energy standard: KfW-55

    Property of this type is sought-after for tenants. The owner gets long-term rent revenue for the low-cost investment.

    It is possible to purchase a package of several apartments.

    Interior

    The apartment consists of three bedrooms, a spacious kitchen, combined with a dining area, a bathroom, a guest WC, a storage room, two balconies.

    Equipment

    • fitted kitchen
    • heating floors
    • elevator

    Advantages

    Brokerage commission — 0%.

    The complex may offer at residents' disposal: a rooftop terrace and a parking for bicycles. The owners may use services of a management company, which assumes responsibilities associated with searching for tenants, singing lease agreement, property maintenance, managing, tenant communications, insurance, renovation, etc.

    Financial performance

    The projected annual income is 13,512 €.

    The projected annual income after deducting expenses for maintenance and management is 11,368 €.

    The projected yield is 4.0%.

    Transaction costs

    Notary (state registration) is 1–1.5%.

    Registration tax is 0.8–1.2%.

    Acquisition tax is 6%.

    Location

    The residential complex is located in the Lichtenberg district, in a 15-minute drive from the center of Berlin (Alexanderplatz). Public transport stops, a metro station, Aldi and Netto supermarkets are situated in a walking distance from the building. Also, there are a shopping center, parks, a university, schools, a sports field and a hospital nearby.

    The airport is located in 20 km, and Berlin Main Station can be reached in 35 minutes by tram.

    We are here to help you buy a property
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