№ 1,865,087

New serviced apartments with a 20-year lease, Munich, Germany

200,000 €
11,111 € /m²
  • Total area 18 m²
  • Yield 3.1%
  • Lease term 2040
  • Constructed  2020
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Alina Dunaeva
Investment consultant in Munich
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    Key project parameters
    Total area
    18 m²
    Constructed 
    2020
    Project description

    Serviced apartments in a modern apartment building in the Obersendling area.

    Description

    The building is located on a land plot of 1,240 m² and includes 91 apartments (83 two-room and 8 one-room).

    77 long-stay apartments from 18 m² to 30 m² each are offered for sale. Purchase prices are from 199,400 €.

    The apartments are fully furnished and have a private bathroom.

    Services: breakfast, daily maid service on request, bicycle rental, vending machines with drinks and snacks.

    There is an underground parking for 46 cars.

    Tenants
    Agreement
    Yes
    End of lease
    2040

    The tenant is a German operator specializing in managing apartment hotels.

    The lease agreement is valid for 20 years + extension options for 3x7 years.

    The operator bears the costs of maintenance, operation, utilities.

    Financial performance
    Yield
    3.1%
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    Location and nearby infrastructure

    The property is located in the south of Munich, in the residential and business district of Obersendling, attractive for business travelers. The area is close to the Isar River, and the S7 Siemenswerke S-Bahn (city rail) and U3 Obersendling metro lines connect the area with Munich city center and the surrounding areas. Recently, many good, new residential complexes with furnished apartments have been built here.

    Modern Munich is a large industrial and research center, as well as the IT capital of Germany.

    The international airport of Munich — the 2nd in Germany by the number of passengers served. The capacity of the airport with 2 active runways is 50 million passengers per year.

    Munich's railway station is the 2nd (after Hamburg's main station) in Germany by passenger traffic, serving 350,000 passengers a day.

    Munich attracts tourists due to the large number of architectural and cultural monuments, and it is also the city of museums, many of which were created over the centuries.

    Real estate in Munich is the most expensive in Germany. The average monthly income per capita of Munich is 1,600 euros.

    More properties

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

    Find out more
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    annual yield
    From 10%
    exit period
    3 years
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    How we help investors

    Analysing the needs

    We use a methodology that enables us to formulate requests and find good deals in the market

    Developing a strategy

    We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment

    Providing transaction support

    We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account

    Helping with management

    We can take over the management of your property or recommend a suitable management company

    Organising property viewings

    We will arrange a visit to the site to view one or more projects

    Saving time

    At the investor's request, we can arrange a remote purchase with the least possible visits to the country

    Not sure where to start? Book a consultation
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      Senior Investment Consultant
      Mikhail Reyderman
      Mikhail Reyderman
      Commercial Real Estate Expert

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