Office building in Munich

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Office building in Munich

12,000,000 €
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Total area: 10,000 m² Yield: 5.9% Built in 1992
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Features
  • Absolute return: 715,000 €
  • Percentage of the rented area: 80%
  • Minimum owner's capital: 6,000,000 €
  • Number of parking lots: 198
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 7.1%

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%.

Financial performance

Absolute income is 715,000 €.

The current yield of 5,9%.

Projected income (full occupancy) is 850,000 €.

The projected yield of 7%.

Tenants

There are 20 different tenants in the building.

WAULT of 3 years.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 3,5%.

The broker's fee of 7,14%.

Location

Highway and subway station are within walking distance.

Munich Airport is within 10 minutes.

The city center is about a half hour drive.

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
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
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