Redevelopment of a residential building in Munich, Germany

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Redevelopment of a residential building in Munich, Germany

18,385,000 €
5,571 € /m²
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  • Total area
    3,300 m²
Details
Property parameters
  • Land area: 3,000 m²
  • Number of parking lots: 12
  • 4-floor building
Financial performance
  • IRR: 15.0%
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 3.5%
  • Broker: 3.0% + VAT

Investment project.

Description

The project includes the renovation of the residential four-story building.

The total area of the building is 5,000 m².

The house consists of fifty apartments.

The building is provided with the parking for 37 cars.

Financial performance

Purchase pirce of the building — 23,000,000 €.

Project entry costs — 24,841,500 €.

Renovation costs — 5,800,000 €.

Total costs — 30,641,500 €.

Equity — 18,384,900 €.

Amount of financing — 12,256,600 €.

Sales revenues — 40,500,000 €.

Profit of the project — 9,858,500 €.

IRR of the project — 15%.

Project term — 24 months.

Loan

It is possible to obtain bank loan for 60% of the value of the project at 1.75% per annum.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 3.5%.

The broker's fee of 3%.

Location and nearby infrastructure

The project is located in the residential area of Munich. Community amenities, including public transport stops and a Metro station, are situated in proximity from the property.

More properties

If this ad doesn't suit you, have a look at the other apartment buildings for sale in Munich.

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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 building purchase with a construction loan

Investment vehicle
Apartment building
Construction loan
Yield per annum
0.5%-4%
8—10%
Investment budget
18,385,000 €
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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