Office building in Munich

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Office building in Munich

7,815,000 €
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Total area: 3,891 m² Yield: 5.5% Built in 1972
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Features
  • Absolute return: 430,635 €
  • Land area: 2,437 m²
  • 3-floor building
  • Percentage of the rented area: 100%
  • Minimum owner's capital: 3,907,500 €
  • Number of parking lots: 40
  • Most recent total renovation: 2014
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 7.1%

It is an office building in Munich.

Description

The three-storey building with a total area of 3,891 m² was built in 1972.

The ground floor hosts three stores.

The second floor accommodates 22 offices area ranging from 12 to 70 m².

The third floor is divided into 12 premises area ranging from 12 to 600 m².

There are 5 large storage spaces in the basement.

The building is equipped with two cargo and one passenger elevator.

There is also a parking for 40 cars.

There was a renovation in 2014:

  • new windows;
  • heat insulation;
  • renovated toilets;
  • replaced floors and new wiring.

Financial performance

Abslolute income is 430,635 €.

The current yield of 5,5%.

Tenants

The building is fully leased to various tenants (about 40). Lease agreement are mostly perpetual, but 5 tenants signed contracts until 2019 with the extension options.

Location

The property is situated in an industrial area, close to the A96 motorway in the direction of Munich/Lindau. The city center can be reached in 15 minutes.

You can easily reach the airport via the A99 motorway.

More properties

If this property wasn’t for you, take a look at other office buildings for sale in Germany.

You can see more office buildings for sale in Munich elsewhere on our website.

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Anna Kurianovich
Anna Kurianovich
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+44 20 3608 1267
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