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Microapartment, Munich, Germany

153,000 €
7,650 € /m²
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  • Total area
    20 m²
  • Yield
    3.9 %
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Features
  • Annual income: 6,012 €
  • Built in 2020
  • Notary (state registration): 1.5 %
  • Acquisition tax: 3.5 %
  • Car parks

Microapartment for rent in an aparthotel under construction.

Description

5-storey building with ground-based and underground parking.

The construction was started in spring 2018.

The property includes:

  • 366 apartments (from 18 to 33 m²)
  • 82 ground-based parking spaces (cost 24,000 €/place),
  • 101 parking spaces in the underground garage (cost 30,000 €/space)

Equipment

  • 3 elevators
  • high quality sanitary equipment
  • furniture from the operator

The cost of apartments starts from € 153,300 €.

It is possible to purchase a package of several apartments.

Financial performance

The absolute annual income is 6,132 €.

The absolute annual income after deduction of the MC services is 6,012 €.

The current yield is 3,9%.

Tenants

The tenant is a German company (the developer is a member of the company).

The lease agreement is valid for 30 years and provides for the indexation of the rent.

The tenant provides a guarantee of € 1,949,782.

Transaction costs

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 3,5%.

The cost of ownership

The cost of the management company is 120 € per year.

The landlord pays expenses ”Dach und Fach“ (for the foundation, roof, walls and facade). For several years after construction, the developer’s warranty will be valid.

The utility costs, maintenance/ repair lie on the tenant.

The cost of repairing equipment lies on the tenant in the amount of up to 8% of the annual rental payment per year and up to 5% in each particular case.

Location

The property is situated in the largest city in Bavaria and the 3rd in Germany (after Berlin and Hamburg).

Transport accessibility:

  • 8 minutes walk to the metro station
  • 5 minutes drive to the exhibition center
  • 20 minutes drive to the Olympic Center/ BMW and Marienplatz
  • 30 minutes drive to the airport

Munich is a major industrial and research center, as well as the IT capital of Germany. The Messe München is one of the largest in Europe exhibition center with 2 million visitors, about 40 exhibitions, and with samples of the latest products of 30,000 manufacturers from all over the world are presented annually.

The average monthly income per capita in Munich is 1,600 €.

The purchasing power (one of the highest in Germany, 50% higher than the average in Germany) — 28,920 €.

The unemployment rate does not exceed 5%.

Income after tax per capita (the highest in Germany) is 33,746 €.

GDP per capita is 60,084 €.

The international airport of Munich is the 2nd in Germany by the number of passengers served. The airport capacity is 50 million passengers per year.

Munich's railway station is the 2nd in Germany by passenger traffic (after Hamburg's main station), serving 350,000 passengers a day.

Munich is in the top 7 cities in Germany by the number of overnight stays per year. In 2017, this indicator was 15 million, which is 11% higher than in 2014.

The average occupancy rate of hotels in Munich is 76.5%, while the total occupancy rate for Germany is 70.5%.

  • Property on the map
    Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other buy-to-let apartments for sale in Germany.

You can see more buy-to-let apartments for sale in Munich elsewhere on our website.

Statistics in Munich

Price per m², €
10,093
Healthcare efficiency level
78
Index 78 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
84
Index 84 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 10,092.59
Apartment in a bedroom community, m² 7,096.3
Transport Price, €
Public transport, 1 ride 2.9
Monthly travel card 66.6
Taxi, 1 km 1.9
Petrol, 1 l 1.45
Food Price, €
Water, 1.5 l 0.56
Milk, 1 l 0.9
White bread, 500 g 1.44
Eggs, a dozen 2.27
Chicken fillet, 1 kg 7.95
Education Price, €
Kindergarten, per month 622.4
International school, per year 14,350.0
Health care index
Staff competence 78.75
Medical equipment 91.67
Research accuracy and completeness 80.82
Attitude towards patients 74.69
Security index
Crime rate 10.77
The risk of being robbed 11.56
The risk of car theft 14.03
The risk of break-in and property damage 21.88

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics
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      FAQs

      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

      • Can I obtain income from a seaside apartment?

        Yes. You can use the purchased property yourself for holidays and lease it to tourists for the rest of the time. To avoid the hassle of finding tenants and cleaning the property, it’s a wise idea to hire a management company to do all the work – these services usually cost about 20% of the rent. Take into account the length of the tourist season in the location you choose: in certain regions it will be easy to rent apartments out all year round, while in others it might only be possible to do so during the high season.

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        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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