Package of 5 apartments with guaranteed profitability in a new aparthotel in the prosperous district of Munich — Obersendling.
Description
The package includes five identical apartments with a total area of 90 m² (18 m² each).
Start of construction planned on July-August of 2020. Estimated date of completion of construction and commissioning — spring 2022.
The complex includes 91 apartments, a parking for 46 cars, a restaurant, a bar and lounges. It offers for residents such services as housekeeping, breakfasts, bicycle rental, vending machines.
Interior
The apartments are furnished by the management company. The furniture is also paid by the management company.
The annual net income is 30,395 €.
The net yield is 3.05%.
The investor receives a fixed yield regardless of actual occupancy.
Leasing and maintenance is carried out by an experienced management company.
Guaranteed rental yield for 20 years and 3 extension options for 7 years.
Apartment is sold without a buyer's commission.
Obersendling is a developed area with residential and commercial areas in the southern part of Munich, 10 km from the city center (22 minutes by car).
The area is unofficially considered as ”home“ of Siemens company, which has headquarters and a complex of its own buildings and units here.
Over the past 10 years, the district has been actively developing, according to the concept of “place to live and work”.
Real estate prices are growing steadily. The growth from Q1 2019 to Q1 2020 – 7%.
