It is commercial units in a residential building in Munich.
Description
The total floor area is 954 m², of which:
- 749 m² of commercial space;
- 205 m² of auxilary space.
There is an underground garage with an entrance in the yard.
All areas are leased out and usesd as game rooms and Thai restaurant.
Financial performance
Absolute income is 319,200 €.
The current yield of 7,7%.
Tenants
There are two tenants.
The lease agreements are signed until 2020 with extension options for 3x5 years with first tenant and for 4x5 years with another one.
Transaction costs
Notary fee of 1,5%.
RE purchase tax of 3,5%.
The broker's fee of 3%.
Location
The property is located in the famous Haidhausen district.
Cultural monuments, restaurants, shops, public transportation and train station are within the walking distance.
