It is an office building investment on the north-east of Munich. Description
The total property area is 10,000 m².
The building was constructed in 1992 and now is in good overall condition.
Offices feature plenty of natural light, contemporary style decorations and carpeted floors. Each block has its own kitchenette.
The building has storage premises and underground parking for 198 cars.
The occupancy rate of 80%.
Absolute income is 715,000 €.
The current yield of 5,9%.
Projected income (full occupancy) is 850,000 €.
The projected yield of 7%.
There are 20 different tenants in the building.
WAULT of 3 years.
Notary fee of 1,5%.
RE purchase tax of 3,5%.
The broker's fee of 7,14%.
Highway and subway station are within walking distance.
Munich Airport is within 10 minutes.
The city center is about a half hour drive.