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Buy-to-let apartment package with a yield of 3.1–3.4% in Munich, Bavaria, Germany

1,373,000 €
10,401 € /m²
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  • Total area
    132 m²
  • Completion in
    2022.I
Details
Property parameters
  • 16-floor building
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 3.5 %

Package of 4 apartments in Munich, Neuperlach.

Description

Four two-room apartments with a total area of 132 m² (from 29.1 to 36.9 m² each).

The modern residential complex includes 607 apartments with 1–2 rooms, a lobby, a restaurant, a fitness area, a shared rooftop terrace and underground parking for 147 cars. The apartments are sold fully furnished and equipped. Some have private gardens. For an additional fee of 33,800 euros, you can purchase a parking space. It will be rented out for 97 euros per month (yield 3.44%). Complex offers a hotel-like concept with common areas such as co-working spaces, restaurants and fitness.

Completion of construction — 1st quarter 2022.

Equipment

  • Elevator
  • Parquet flooring
  • Barrier-free
  • Fitted kitchen
  • Furnished

Financial performance

Guaranteed yield: 3.1 – 3.4%.

Tenants

The property is fully let. The lease agreement is valid for 20 years with the extension option of 5 years.

The apartments will be rented out for short and medium term rent (up to 6 months).

Potential tenants:

  • business travelers
  • people from the suburbs, who coming to Munich for the workweek
  • young professionals
  • digital nomads

Transaction costs

No broker commission.

Location

Munich is located on the river Isar in the south of Germany. The city is the capital of Bavaria — the richest and most developed region in the country. In the whole world it is famous for its brewing traditions and Oktoberfest. The city has many museums and cultural values. Today Munich is a large industrial, research and scientific center.

Located directly next to subway and S-Bahn train stations, complex offers perfect connections to the centre, the trade fair and the airport.

  • Central station approx. 17 min (U5 underground)
  • Marienplatz approx. 17 min (S7 train)
  • Trade fair (Messe) approx. 20 min (car or underground)
  • Starnberger See approx. 35 min (car)
  • Airport approx. 35 min (car), 48 min (underground and S-Bahn trains)

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

Tranio helps to manage property after purchase

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

Find out more
  • 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
2%-4.5%
8—10%
Investment budget
1,373,000 €
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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