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Package of apartments, Munich, Germany

501,000 €
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Total area: 63 m² Yield: 3.9% Completion in 2020.I
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Features
  • Operating Incomе: 20,034 €
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%

A package of 3 microapartments in an aparthotel under construction.

Description

5-storey building with ground-based and underground parking.

The construction was started in spring 2018.

The property includes:

  • 366 apartments (from 18 to 33 m²)
  • 82 ground-based parking spaces (cost 24,000 €/place),
  • 101 parking spaces in the underground garage (cost 30,000 €/space)

Equipment

  • 3 elevators
  • high quality sanitary equipment
  • furniture from the operator

The cost of apartments starts from € 153,300 €.

Financial performance

The absolute annual income is 20,034 €.

The absolute annual income after deduction of the services of the MC is 19,674 €.

The current yield is 3,9%.

Tenants

The tenant is a German company (the developer is a member of the company).

The lease agreement is valid for 30 years and provides for the indexation of the rent.

The tenant provides a guarantee of € 1,949,782.

Transaction costs

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

Acquisition tax is 3,5%.

The cost of ownership

The cost of the management company is 360 € per year.

The landlord pays expenses ”Dach und Fach“ (for the foundation, roof, walls and facade). For several years after construction, the developer’s warranty will be valid.

The utility costs, maintenance/ repair lie on the tenant.

The cost of repairing equipment lies on the tenant in the amount of up to 8% of the annual rental payment per year and up to 5% in each particular case.

Location

The property is situated in the largest city in Bavaria and the 3rd in Germany (after Berlin and Hamburg).

Transport accessibility:

  • 8 minutes walk to the metro station
  • 5 minutes drive to the exhibition center
  • 20 minutes drive to the Olympic Center/ BMW and Marienplatz
  • 30 minutes drive to the airport

Munich is a major industrial and research center, as well as the IT capital of Germany. The Messe München is one of the largest in Europe exhibition center with 2 million visitors, about 40 exhibitions, and with samples of the latest products of 30,000 manufacturers from all over the world are presented annually.

The average monthly income per capita in Munich is 1,600 €.

The purchasing power (one of the highest in Germany, 50% higher than the average in Germany) — 28,920 €.

The unemployment rate does not exceed 5%.

Income after tax per capita (the highest in Germany) is 33,746 €.

GDP per capita is 60,084 €.

The international airport of Munich is the 2nd in Germany by the number of passengers served. The airport capacity is 50 million passengers per year.

Munich's railway station is the 2nd in Germany by passenger traffic (after Hamburg's main station), serving 350,000 passengers a day.

Munich is in the top 7 cities in Germany by the number of overnight stays per year. In 2017, this indicator was 15 million, which is 11% higher than in 2014.

The average occupancy rate of hotels in Munich is 76.5%, while the total occupancy rate for Germany is 70.5%.

Statistics in Munich

Price per m², €
10,093
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
84
Index 84 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 10,092.59
Apartment in a bedroom community, m² 7,096.3
Transport Price, €
Public transport, 1 ride 2.9
Monthly travel card 66.6
Taxi, 1 km 1.9
Petrol, 1 l 1.45
Food Price, €
Water, 1.5 l 0.56
Milk, 1 l 0.9
White bread, 500 g 1.44
Eggs, a dozen 2.27
Chicken fillet, 1 kg 7.95
Education Price, €
Kindergarten, per month 622.4
International school, per year 14,350.0
Health care index
Staff competence 78.75
Medical equipment 91.67
Research accuracy and completeness 80.82
Attitude towards patients 74.69
Security index
Crime rate 10.77
The risk of being robbed 11.56
The risk of car theft 14.03
The risk of break-in and property damage 21.88

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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