Construction project of an office building in Munich, Germany

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Example of office building in Munich

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Construction project of an office building in Munich, Germany

30,480,000 €
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Total area: 8,000 m²
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Features
  • Land area: 3,800 m²
  • 6-floor building
  • Number of parking lots: 150
  • IRR 14.0%
  • Loan size: 60% of the value of the object
  • Rate: 1.8%
  • Notary (state registration): 2.0%
  • Acquisition tax: 3.5%
  • Broker: 3.6%

Description

The project includes a construction of the office building on a land plot with the area of 3,800 m² 

The building will be comprised of six storeys and a two-level undergound parking. 

The total area of the building is 8,000 m².

The area of office premises is 7,300 m².

The area of retail premises is 700 m². 

There is the possibility of creating a green area in the courtyard of the building. 

The parking will be provided with 150 parking lots.

Financial performance

Project entry costs — 18,000,000 €.

Costs of construction — 32,800,000 €.

Total costs — 50,800,000 €.

Equity — 30,480,000 €.

Amount of financing — 20,320,000 €.

Sales revenues — 68,000,000 €.

Profit of the project — 17,200,000 €.

IRR of the project — 14%.

Project term — 24 months

Loan

It is possible to obtain bank loan for 60% of the value of the project at 1.75% per annum.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 3.5%.

Brokerage fee is 3.57%.

Location and nearby objects

The project is located in the area with a high level of business activity. 

Statistics in Munich

Price per m², €
10,063
Healthcare efficiency level
80
Crime rate
17
Real estate Price, €
Apartment in the city centre, m² 10,062.5
Apartment in a bedroom community, m² 6,952.17
Transport Price, €
Public transport, 1 ride 2.9
Monthly travel card 66.5
Taxi, 1 km 1.9
Petrol, 1 l 1.42
Food Price, €
Water, 1.5 l 0.53
Milk, 1 l 0.87
White bread, 500 g 1.37
Eggs, a dozen 2.07
Chicken fillet, 1 kg 7.34
Education Price, €
Kindergarten, per month 631.43
International school, per year 15,715.38
Health care index
Staff competence 82.2
Medical equipment 93.75
Research accuracy and completeness 82.5
Attitude towards patients 77.65
Security index
Crime rate 10.8
The risk of being robbed 12.14
The risk of car theft 14.33
The risk of break-in and property damage 22.13

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

More properties

If this property wasn’t for you, take a look at other office buildings for sale in Germany.

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+44 17 4822 0039
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