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Package of six buy-to-let apartments with a yield of 3.1%, Munich, Germany

1,430,000 €
10,671 € /m²
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  • Total area
    134 m²
  • Yield
    3.1%
  • Built in 
    2022
Details
Property parameters
  • Total premises: 6
  • Number of parking lots: 46
Financial performance
  • Annual income: 44,342 €

Package of 6 apartments with guaranteed profitability in a new aparthotel in the prosperous district of Munich — Obersendling.

Description

The package includes six identical apartments with a total area of 134 m² (22.35 m² each).

Start of construction planned on July-August of 2020. Estimated date of completion of construction and commissioning — spring 2022.

The complex includes 91 apartments, a parking for 46 cars, a restaurant, a bar and lounges. It offers for residents such services as housekeeping, breakfasts, bicycle rental, vending machines.

Interior

The apartments are furnished by the management company. The furniture is also paid by the management company.

Financial performance

The annual net income is 44,342 €.

The net yield is 3.1%.

The investor receives a fixed yield regardless of actual occupancy.

Tenants

Leasing and maintenance is carried out by an experienced management company.

Guaranteed rental yield for 20 years and 3 extension options for 7 years.

Transaction costs

Apartment is sold without a buyer's commission.

Location and nearby infrastructure

Obersendling is a developed area with residential and commercial areas in the southern part of Munich, 10 km from the city center (22 minutes by car).

The area is unofficially considered as ”home“ of Siemens company, which has headquarters and a complex of its own buildings and units here.

Over the past 10 years, the district has been actively developing, according to the concept of “place to live and work”.

Real estate prices are growing steadily. The growth from Q1 2019 to Q1 2020 – 7%.

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
3.1%
8—10%
Investment budget
1,430,400 €
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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