Student apartment package, Munich, Germany

2,524,000 €
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Total area: 257 m² Yield: 4.5%
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Features
  • Operating Incomе: 113,580 €
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 3.0%

A package of 10 student apartments in a residential complex.

Description

The residential complex consists of 347 furnished apartments ranging from 18 to 45 m². 

The cost of the apartments ranges from 184,900 to 509,900 €.

There are 27 layout options to choose from.

The complex includes:

  • multi-level terraces with gardens on the roof (about 1670 m²)
  • fitness center with changing room
  • yard
  • sports grounds
  • lounge-zone
  • laundry with washing and drying machines
  • zone for storage of bicycles (about 360 places)

Energy saving KFW-55 CONSTRUCTION (ENEV 2016)

Inner space

A package of 10 apartments with a total area 257 m².

Each of the apartments includes a living room with a kitchen, a bathroom and a terrace or balcony.

Financial performance

The projected annual income is 113,580 €.

The projected yield is 4.5%.

Transaction costs

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 3,5%.

Brokerage fee is 3% + VAT 19% (total 3,57%).

Location

The residential complex is located in one of the most popular student campuses in Germany — Schwabing-Freimane. Student housing in Munich is in high demand, and the proposal is still considerably behind (11,000 apartments are currently about 122,000 students).

The Schwabing district, with a population of about 100,000 people, is the most populous in Munich. The quarter is famous as a bohemian and today is one of the most fashionable districts of the capital of Bavaria. There are the famous sights of Munich here, such as: the English Garden with its important part — the Chinese Tower and two popular beer gardens Aumaisster and Hirschau, tennis park St. Florian, outdoor swimming pool Freibad Ungererbad, Arc de Triomphe, 17-meter sculpture ”Walking Man“ on Leopoldstrasse.

There are discount shops and supermarkets, shopping boutiques, a commission shop, cafes, restaurants, pubs, theaters, a tennis court, a bakery, pharmacies, metro stations in a walking distance.

Statistics in Munich

Price per m², €
9,938
Healthcare efficiency level
78
Index 78 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 9,937.5
Apartment in a bedroom community, m² 6,865.22
Transport Price, €
Public transport, 1 ride 2.9
Monthly travel card 66.6
Taxi, 1 km 1.9
Petrol, 1 l 1.43
Food Price, €
Water, 1.5 l 0.51
Milk, 1 l 0.85
White bread, 500 g 1.5
Eggs, a dozen 2.16
Chicken fillet, 1 kg 7.85
Education Price, €
Kindergarten, per month 639.57
International school, per year 15,936.36
Health care index
Staff competence 78.67
Medical equipment 92.12
Research accuracy and completeness 81.25
Attitude towards patients 74.33
Security index
Crime rate 11.62
The risk of being robbed 11.77
The risk of car theft 14.38
The risk of break-in and property damage 22.24

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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Anatoliy Onufriev
Anatoliy Onufriev
Investment Consultant
+44 17 4822 0039
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