A package of three apartments for daily rent.
Description
Three apartments in a modern residential complex, which is comprised of 209 flats.
At the moment there are 20 apartments with an area of 19-20 m².
The price of apartments ranges from 159,900 to 169,900 €.
The construction will be completed in the fourth quarter of 2018. The building is comprised of 6 floors. The complex will be built on one of the last free land plot of the residential area.
There is a possibility to purchase 3 parking spaces which cost 28,900 euros per space.
The property of this type is sought-after for tourists and people with business visits. The owner gets long-term rent revenue for the low-cost investment.
Interior
Apartments are consist of light living-room combined with kitchen and dining area, bathroom and balcony.
Equipment
- the flats are furnished;
- kitchen equipped with modern appliances;
- heated parquet flooring;
- triple-glazed windows.
Advantages
The complex may offer at residents' disposal: underground parking, bakery and concierge service. The purchase price of a parking lot is 28,900 €. Owners may use services of a management company, which assumes responsibilities associated with searching for a tenant, singing lease agreement, property maintenance, managing, tenant communications, insurance, renovation, etc.
During 12 weeks a year, international exhibitions are held in this area of the city. It guarantees a high level of the occupancy rate of the residential complex.
Projected absolute income is 30,272 €.
The projected yield starts of 6,2%.
Payment schedule:
- 70,6% after the signing of the contract.
- 6.3% during the installation of a heating, a water supply, and an electricity supply systems (June 2018).
- 6.3% during the interior finishings of apartments (September 2018).
- 13.3% during the installation of sanitary ware in apartments and finishing of the facade of the building (December 2018).
- The remaining 3.5% must be paid by March 2019.
There is the possibility of obtaining a mortgage lending in the amount of 50% of the total value of the apartment.
Notary fee of 1.5–2%.
RE purchase tax of 3.5%.
The brokerage fee is 3.57%.
Cost of the management company is 19,530 € per year.
Residential complex is situated in a new developing area of the city, in front of one of the largest exhibition centers in Europe. There are public transport stops, two metro stations and a motorway exit with a road junction to the central city ring located in proximity from the building. The center of Munich is situated within 15 minutes drive. And a shopping center, restaurants, a park and a lake are located within walking distance from the residential complex.
