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Package of two apartments in the suburbs of Munich, Germany

497,000 €
5,177 € /m²
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  • Total area
    96 m²
  • Yield
    3.7%
  • Built in 
    2019
Details
Property parameters
  • 5-floor building
Financial performance
  • Annual income: 18,149 €
Tenants
  • No tenants
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 3.0% + VAT

Two apartments in a new residential complex.

Description

The apartments are sold furnished. The cost of the furniture is 30,000 € (not included in the price).

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.

Financial performance

The projected annual income after deduction of expenses for the management company is 18,149 €.

The projected yield with a glance to the cost of the furniture is 3.7%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3.5%.

The broker's fee of 3%.

The cost of ownership

Expenses for the management company is 899 € per year.

Location

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.

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    Marina Filichkina,
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