Apartment for rent in a new residential complex.
The apartments are sold furnished. The cost of the furniture is 15,000 € (not included in the price).
The construction will be completed in the end of 2018 — Q1 2019.
The residential complex consists of 137 apartments ranging from 47 m² to 72 m².
The cost of apartments ranges from 244,900 € to 376,900 €.
There is a possibility to purchase parking spaces which cost from 18,500 € to 25,000 € for one parking space.
Energy standard: KfW 55, EnEV 2014
The certificate is valid until 02.03.2027
Property of this type is sought-after for tenants. The owner gets long-term rent revenue for the low cost investment.
It is possible to purchase a package of several apartments.
An apartment includes a bedroom, a living room combined with a kitchen and a dining area, a bathroom and a balcony.
- the apartment is furnished
- kitchen is equipped with modern appliances
- heating floors
- windows with triple-glazed windows
The complex may offer at residents' disposal: an indoor pool, an underground parking for 147 cars, a pond in the courtyard. The owners may use services of management company, which assumes responsibilities associated with searching for tenants, singing lease agreement, property maintenance, managing, tenant communications, insurance, renovation, etc.
The projected annual income after deduction of expenses for the management company is 13,688 €.
The projected yield with a glance to the cost of the furniture is 3.8%.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
The brokerage fee is 3.57%.
The cost of ownership
Expenses for the management company is 539 € per year.
Location and nearby objects
The property is located in the town in 30 km from the center of Munich. The population of the town is more than 10 thousand people and it has been growing since 1970. According to the forecast, by 2020 the number of residents will increase by 10%, and by 2030 — by 23%.
Supermarkets, cafes and restaurants, a gym and motorway exits are situated close to the residential complex. The distance to the railway station is 1 km.
Munich's East Station and exhibition center can be reached in a 15-minute drive, the center of Munich and the airport — in a 30-minute drive.