Complex of 150+ Micro Apartments in Berlin for Sale
Property type: complex of serviced apartments
Number of buildings: 2
• 1 existing building
• 1 new construction, to be completed in Q4 2024
Micro apartments: 150+ in total
• building 1 (existing): 20 serviced apartments
• building 1 (new construction): 130+ serviced apartments
Total building size: ca. 7,200 m2
• building 1 (existing): ca. 2,000 m2
• building 1 (new construction): ca. 5,200 m2
Plot area: ca. 2,300 m2
Location: Berlin (the district of Oberschöneweide), Germany
• Berlin is the capital and the largest city of Germany with a population over 3.7 million
• property is located in the district of Oberschöneweide, an attractive residential area with a well-developed infrastructure, including numerous shops, restaurants and leisure facilities
• a lot of public transport stations within walking distance of the property provide convenient connections to the city center
Options of acquisition:
1. Complex of micro apartments is for sale with Vacant Possession (i.e. Free of Management)
2. However, we can assist the potential buyer in the selection of a suitable serviced apartment's operator for long-term lease agreement:
∙ with indexation of yield linked to inflation
∙ with a bank guarantee
∙ with Double net lease (NN lease): tenant (Hotel operator) is responsible for almost all operating expenses (including land tax, building insurance, minor repairs, etc.), except for total building renovation; the owner is responsible only in the case of a potential renovation of the entire building
∙ Yield: 4.0% per annum
Purchase price: 47,000,000 EUR
(+ closing costs)
Possibility of Share Deal::
• acquisition of the shares of the company that owns the property
• in case of Share Deal there is no obligation to pay property transfer tax
