Investment Property in Berlin, Germany

High Yield Commercial Property in West Berlin

Fully let commercial space, consisting of 2 units on the ground floor of a renovated 5 storey multi family house in Berlin-Charlottenburg, one of the best areas of the city of West Berlin.

The property is located in a lovely street, just across the subway station and a small park and in a very close proximity to Charlottenbrg Castle, one of Berlin's biggest tourists attractions.

Year of construction around 1910, the house was fully renovated between 1998-2001.

The commercial space totals 225m2 and consists of 2 separate units:
A bakery/newspaper store (80 m2) and a snack-bar/sports-bar (48 m2).
The latter has an extra space (40 m2) on the left wing of the building which is used as a storage/preparation space.

The remaing space is in the basement and a storage space on the ground floor behind the shops.
Once let, this extra space would generate ca. € 2000-3000 annually.

Both leases are very long terms (15 years, from 2002 until end 2017, very rare for commercial leases) and both entitle the owner to raise the price by 5% each year from begin 2008.

Total annual net income for 2008 (excluding the basement area): € 17,640!


Total estimated annual net income in 2017 (excluding the extra storage area): € 27,216!
With the extra storage space let: above € 30,000!


Asking price: € 216,000.

The current annual net yield is therefore 8.20% and would become 10% as soon as the storage area is let.

By 2017, the annual net yield would be more than 15%!

This property is for sale from the owner and therefore without broker's fees (usually 6% plus local VAT).

All purchase costs, such as notary (apprx. 1,50%) and property transfer tax (4,50%), are to be paid by the buyer.

For further information, please contact the seller.

Update January 17th 2008: A recent (Jan. 2008) independent survey report for this property is now available for the interested person to view.
The value of this object according to this survey is EUR 244.000!