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Package of apartments, Munich, Germany

1,753,000 €
8,153 € /m²
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  • Total area
    215 m²
  • Yield
    3.9 %
  • Rental rate (m²/month)
    27 €
  • Completion in
    2020.I
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Details
Financial performance
  • Annual income: 70,101 €
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 3.5 %

A package of 10 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 70,101 €.

The absolute annual income after deduction of the services of the MC is 68,901 €.

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 1,200 € 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%.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
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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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If this property wasn’t for you, take a look at other apartment units for sale in Germany.

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Repurposing a building into a residence hall with a forward sale in Cologne
  • €2.6M investment amount
  • 10 % yield
  • 2 years project term
Application deadline: January 30

The best development offer

Repurposing a building into a residence hall with a forward sale in Cologne

Application deadline: January 30

  • investment amount €2.6M
  • yield 10 %
  • project term 2 years

Buying and repurposing a building into a student residence with a subsequent sale. Several investors with different shares can participate. Buyers are already interested (Forward Deal).

An apartment hotel with a restaurant, a 11–12 -storey concrete building with a terrace and balconies. Total area — 4,984 m², number of units — 270.

The property is located near the centre of Cologne, 1 km away from the Agnes district. There is a traffic interchange not far from the building, the closest public transport stop is 400 m away. There are 20 different educational institutions within a 3–5 km radius. All the necessary infrastructure facilities are located within walking distance.

The expected rental flow after commissioning — €1M per annum.

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    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

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    Sofia Bulanova
    Sofia Bulanova
    Investment consultant in Munich
    +44 17 4822 0039
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