Package of serviced apartments in the center of Munich, Bavaria, Germany

Additional information is provided after the signing of an NDA

Package of serviced apartments in the center of Munich, Bavaria, Germany

26,000,000 €
21,666 € /m²
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  • Total area
    1,200 m²
  • Yield
    5.2%
  • Completion in
    2024.III
Details
Property parameters
  • Total premises: 50
Financial performance
  • Annual income: 1,363,039 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%

Package of 50 serviced apartments in a new building.

Completion — 3rd quarter of 2024.

The expected occupancy is 85%.

Financial performance

Price per night — 150-200 EUR (on Christmas and Oktoberfest — up to 500 EUR).

Location and nearby infrastructure

The property is located in the center of Munich.

Munich is the largest city in Bavaria and the third largest city in Germany, as well as a major industrial and research center of the country. Here are the headquarters of the world famous companies ”AGFA“, ”BMW“, ”Siemens“.

Annually more than three million tourists come to Munich.

Bavaria is a federal state in the south-east of Germany. With an area of 70,550 km² Bavaria is the largest German state by land area. With 13 million inhabitants it is Germany's second-most-populous state after North Rhine-Westphalia. Bavaria has one of the largest economies of any region in Germany, and in Europe.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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