Apartment building, Munich, Germany

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Apartment building, Munich, Germany

13,000,000 €
14,557 € /m²
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  • Total area
    893 m²
  • Yield
    3.0%
  • Built in 
    2018
Details
Property parameters
  • Land area: 390 m²
  • Total apartments: 17
  • Number of parking lots: 4
Financial performance
  • Annual income: 390,000 €
Tenants
  • Occupancy: 95%
Property status
  • Most recent total renovation: 2017
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 5.0% + VAT

Apartment building at the stage of renovation of internal premises.

Description

The property consists of 17 apartments with a total area of 893 m².

Renovation of internal premises will be completed by autumn 2018.

There is parking for 4 cars on the territory of the property.

Equipment

  • fitted kitchen
  • spa
  • gym

Financial performance

The projected annual income is 390,000 euros.

The projected yield is 3%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3,5%.

The brokerage fee is 5% + 19% VAT (in total 5.95%).

Location

The property is located in a quiet location in the picturesque Neuhausen district.

The distance to the metro is 400 m.

There are cafes, shops, a hairdresser, children's dentistry nearby.

More properties

If this ad doesn't suit you, have a look at the other apartment buildings for sale in Munich.

All ads in the country: apartment buildings for sale in Germany.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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