Investment apartments in Berlin-Mitte, Germany
Total number of units
- Total number of units by type:: 121
- Number of available units by type:: 112 (93%)
Complex/building features
- Sizes of units 24 sq.m - 63 sq.m
- Total area/size of the building/complex plot 1376 sq.m
- Total number of units 121
- Total floors 8
- Type of construction Brick-built / Completely refurbished property / Completely renovated building
Distances
- Distance to centre of the town/city 200 m
- Food shop 100 m
- Bus stop 100 m
- Metro station (Underground) 100 m
Rental income features
- Rental demand in the area High
- Who will rent Students,Young professionals
- Unit finishing in order to rent Fully-furnished
- Rental management In-house management company
- Rental management fee 21 ˆ/month
- Annual rental income 4-5% (estimated)
Taxation
- Capital gains tax/profit tax on resale 0% after year 10
- Tax on rental income 0% for the first 12 years
Exit strategy
- Resale Possible after completion
- Easy exit High demand - very easy
- Resale management/consultant Property Developer, Stonehard
- Who will buy Foreign buyers, Local people
*Please note that exit or resale of property depends on market conditions.
Unit/apartment features
- Finishing Excellent
- Furnishing Fully furnished
Facilities in the complex/building
- Communal Elevator, Reception desk
Additional purchasing costs
- Total additional costs 8% of the purchase price
*These are the total additional costs that Buyer must pay on top of the purchase price. These include notary fees, stamp duty/local tax, solicitor's fees and may also include other costs that are typical for the country where the property is located.
Capital appreciation (p.a.)
- Expected price increase of the property* 7-8% per year (estimated)
*Quote is based on historic facts, market analysis and monitoring of local trends on the market.
*Resale price is fully depending on market conditions. Resale price is not guaranteed.
Ongoing costs and aftersale charges
- Maintenance charge Obligatory, 4 ˆ per sq.m. per month paid by the tenant