Buy-to-let apartment package with a yield of 3.3% in Munich, Bavaria, Germany

Additional information is provided after the signing of an NDA

Buy-to-let apartment package with a yield of 3.3% in Munich, Bavaria, Germany

1,554,000 €
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  • Yield
    3.3%
  • Rental rate (m²/month)
    28 €
  • Completion in
    2021.IV
Details
Property parameters
  • Leasable area: 150 m²
Financial performance
  • Minimum owner's capital: 500,000 €
  • Annual income: 51,282 €
Tenants
  • Fully let
  • End of lease: 2036
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%

Package of 6 apartments for rent in Munich.

Description

The total area of six apartments is 150.4 m² (each unit is 25 m²).

The modern residential complex will include 143 apartments with an area of 25–42 m². All apartments are fully furnished and finished with high quality materials and kitchenette. Generous and attractive common areas such as lounge lobby with a bar, a rooftop terrace, a laundromat, a fitness room and much more. 40 underground parking spaces including 2 electric parking spaces. The completion of construction is scheduled for 30.11.2021.

Financial performance

The net yield is 3.3%.

Tenants

The lease agreement is valid for 15 years + 2 extension options of 5 years.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 3.5%.

The property is sold without commission for the buyer!

Location

The property is located in Munich-Obersendling and is only a few kilometers from the city center. Obersendling is a district in south-western Munich and is now one of the popular districts of the Bavarian capital due to its good geographical location between the center and the banks of the Isar, the nearby Munich Hellabrunn Zoo and the adjacent forest-like Südpark. The “Siemenswerke” S-Bahn station is in the immediate vicinity of the property and can be reached on foot in about 1 minute. As well as supermarkets, bars, restaurants and various leisure activities.

  • Property on the map
    Location right down to the building, street or city

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.

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  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a apartment units purchase with a construction loan

Investment vehicle
Apartment units
Construction loan
Yield per annum
3.3%
8—10%
Investment budget
1,554,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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