Commercial premises in the center of Munich

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Commercial premises in the center of Munich

4,125,000 €
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Total area: 954 m² Yield: 7.7% Built in 1980
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Features
  • Operating Incomе: 319,200 €
  • 1 floor
  • Occupancy: 100%
  • Minimum owner's capital: 1,995,000 €
  • Most recent total renovation: 2013
  • Total premises: 3
  • Street retail

It is a commercial premises in Munich.

Description

Property with total area of 954 m² located on the ground and basement floors of apartment building built in 1980.

At the moment, the area is occupied by game room, small fast food restaurant and warehouses.

Features:

  • auxiliary heating/ventilation;
  • individual meters of water consumption;
  • facades and balconies renovated in 2013;
  • repair of elevator in 2013;
  • roof renew in 2013.

All spaces are leased out.

Financial performance

Absolute income is 319,200 €.

The current yield of 7,7%.

Tenants

Tenants are the gaming operator firm and an asian restaurant.

The lease agreement is signed for the period until 2020 with the extension options for 3x5 years.

Location

The property is located next to the cultural center of Munich — Gasteig, which contains Philharmonic, Academy of Music, the evening general education courses and the city library of Munich.

A large hotel, restaurants, shopping centers and Deutsches Museum are in the immediate vicinity of the area.

There is also a tram, metro and train station nearby.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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