Apartment building, Munich, Germany

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Apartment building, Munich, Germany

13,000,000 €
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Total area: 893 m² Yield: 3.0% Built in 2018
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Features
  • Operating Incomе: 390,000 €
  • Land area: 390 m²
  • Occupancy: 95%
  • Number of parking lots: 4
  • Most recent total renovation: 2017
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 5.0%
  • Total apartments: 17

Apartment building at the stage of renovation of internal premises.

Description

The property consists of 17 apartments with a total area of 893 m².

Renovation of internal premises will be completed by autumn 2018.

There is parking for 4 cars on the territory of the property.

Equipment

  • fitted kitchen
  • spa
  • gym

Financial performance

The projected annual income is 390,000 euros.

The projected yield is 3%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3,5%.

The brokerage fee is 5% + 19% VAT (in total 5.95%).

Location

The property is located in a quiet location in the picturesque Neuhausen district.

The distance to the metro is 400 m.

There are cafes, shops, a hairdresser, children's dentistry nearby.

Statistics in Munich

Price per m², €
10,068
Healthcare efficiency level
79
Index 79 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
83
Index 83 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 10,068.18
Apartment in a bedroom community, m² 6,995.24
Transport Price, €
Public transport, 1 ride 2.9
Monthly travel card 66.55
Taxi, 1 km 1.9
Petrol, 1 l 1.42
Food Price, €
Water, 1.5 l 0.47
Milk, 1 l 0.83
White bread, 500 g 1.39
Eggs, a dozen 2.07
Chicken fillet, 1 kg 7.44
Education Price, €
Kindergarten, per month 636.82
International school, per year 15,650.0
Health care index
Staff competence 79.58
Medical equipment 92.75
Research accuracy and completeness 81.54
Attitude towards patients 76.06
Security index
Crime rate 10.86
The risk of being robbed 11.87
The risk of car theft 14.41
The risk of break-in and property damage 21.94

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

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Olga Starintseva
Olga Starintseva
Investment Consultant at Tranio
+44 17 4822 0039
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