Apartment building in Munich.
The four-storey building includes 11 apartments.
The annual income is 141,000 €.
The yield is 3.1%.
The property is fully let.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
Brokerage fee is 4% + VAT 19% (total 4.76%).
The building is located in Munich, in the Obermenzing district. Obermenzing covers an area of 765.58 hectares with a population of about 30,000. Shops and a bus stop are located within a two minute walk.
Munich is the largest city in Bavaria and the third largest city in Germany, as well as a major industrial and research center of the country. Here are the headquarters of the world famous companies ”AGFA“, ”BMW“, ”Siemens“.
Annually more than three million tourists come to Munich.
Bavaria is a federal state in the south-east of Germany. With an area of 70,550 km² Bavaria is the largest German state by land area. With 13 million inhabitants it is Germany's second-most-populous state after North Rhine-Westphalia. Bavaria has one of the largest economies of any region in Germany, and in Europe.