Apartment package in Munich, Germany

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Example of apartments package in Munich

We brought up this listing to show you the typical market characteristics of apartments package in Munich. Leave a request to get similar offers according to your requirements.

Apartment package in Munich, Germany

1,700,000 €
6,995 € /m²
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  • Total area
    243 m²
  • Yield
    3.5%
  • Built in 
    2018
Details
Property parameters
  • 5-floor building
Financial performance
  • Annual income: 59,500 €
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 3.5%
  • Broker: 4.0% + VAT

Ten apartments for rent.

Description

Microapartments in a new residential complex. The house consists of 120 apartments. The area of the apartments varies from 19 to 40 m².

Property of this type is sought-after for students-tenants and seasonable employee. The owner gets long-term rent revenue for the low cost investment.

Interior

Apartments consist of a light living-room combined with a kitchen and a dining area, and a bathroom.

Equipment

  • flat is furnished;
  • kitchens equipped with modern appliances.

Advantages

Owners may use services of management company, which assumes responsibilities associated with searching for tenant, singing lease agreement, property maintenance, managing, tenant communications, insurance, renovation, etc.

The payment will be paid via an escrow account with payment in installments. The bank gives a guarantee of a refund in case the construction is not completed.

Financial performance

Projected absolute income with a deduction of expenses on management company amounts to 59,500 €.

Projected yield of 3.5%.

The indexation of rental revenue is proportional to inflation.

Price per m² is 5,880 €.

Loan

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

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 3.5%.

The broker's fee of 4%.

The cost of ownership

The management costs are 5,000 € per year.

Location and nearby infrastructure

The residential complex is located in a rapidly developing area of the city. There are public transport stops, supermarkets and a shopping center situated within walking distance from the property.

More properties

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

All ads in the country: block of flats 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.

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
3.5%
8—10%
Investment budget
1,700,000 €
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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