Store in the central area of Munich, Germany

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Store in the central area of Munich, Germany

2,100,000 €
14,000 € /m²
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  • Total area
    150 m²
  • Yield
    3.0%
  • Built in 
    1900
Details
Property parameters
  • 6-floor building
  • 1 floor
Financial performance
  • Annual income: 63,600 €
Tenants
  • No tenants
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.0% + VAT

Store in the Lehel district located within walking distance of Munich's main attractions.

Description

The commercial space is located on the ground floor and is in very good condition. The space is characterized by high-quality repair works carried inside and modern design.

Large windows in the form of arches overlook a busy street with high traffic.

Location

The property is centrally located in the Lehel district, not far from the Old Town. Metro, tram and bus stops are approximately 2–5 minutes walk from the property. Munich's central square, Marienplatz, is approximately 700 meters away. The Altstadtring ring road starts approximately 200 meters from the property.

The Lehel district, located in the heart of Munich, is considered one of the best and most popular among other central areas of the city. It has mainly commercial buildings, as well as many exclusive apartments in renovated old buildings, whose Art Nouveau architecture is one of the most beautiful in Munich. Lehel borders the English Park on one side and the Old Town on the other.

Munich is the capital of the federal state of Bavaria. The population of Munich is more than 1.5 million people. The city is the largest in Bavaria and the 3rd (after Berlin and Hamburg) in Germany.

Modern Munich is a large industrial and research center, as well as the IT capital of Germany.

Munich attracts tourists due to the large number of architectural and cultural monuments, and it is also the city of museums, many of which were created over the centuries.

Real estate in Munich is the most expensive in Germany. The average monthly income per capita of Munich is 1,600 euros.

More properties

If this property wasn’t for you, take a look at other retail space for sale in Munich.

All ads in the country: retail space for sale in Germany.

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