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

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

200,000 €
11,111 € /m²
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  • Total area
    18 m²
  • Yield
    3.1%
  • Built in 
    2020
Details
Financial performance
  • Annual income: 6,400 €
Tenants
  • Fully let
  • End of lease: 2040
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 3.0% + VAT

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

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.

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.

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

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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