Apartment building in Munich, Bavaria, Germany

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Apartment building in Munich, Bavaria, Germany

18,000,000 €
10,000 € /m²
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  • Total area
    1,800 m²
  • Built in 
    2021
Details
Property parameters
  • Total apartments: 27
  • Number of parking lots: 24
Tenants
  • No tenants
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.0% + VAT

Apartment building at the final stage of construction in Munich.

Description

The building has a total area of 1,800 m² and includes 27 apartments with balconies.

The area of the apartments varies from 30 to 185 m².

Completion date: II 2020.

Deal structure: Asset Deal.

Equipment

  • two-level underground parking
  • outdoor parking

Tenants

Tenant free.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3.5%.

Brokerage fee is 4% + VAT 19% (total 4.76%).

Location and nearby infrastructure

The building is located in Munich, 5 km from the city center.

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.

More properties

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

All ads in the country: apartment buildings for sale in Germany.

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
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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
18,000,000 €
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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