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Buy-to-let apartment with a yield of 3.05%, Munich, Germany

210,000 €
11,052 € /m²
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  • Total area
    19 m²
  • Yield
    3.05 %
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Features
  • Number of parking lots: 46
  • Annual income: 6,392 €
  • Completion in: 2022.I
  • Internet
  • TV
  • Furnished
  • Car parks

Apartments with guaranteed profitability in a new aparthotel in the prosperous district of Munich — Obersendling. Leasing and maintenance is carried out by an experienced management company. The investor receives a fixed yield regardless of actual occupancy.

Start of construction planned on July-August of 2020. Estimated date of completion of construction and commissioning — spring 2022.

Prices from 199,400 euros. Guaranteed rental yield for 20 years and 3 extension options for 7 years.

The complex includes 91 apartments, a parking for 46 cars, a restaurant, a bar and lounges. It offers for residents such services as housekeeping, breakfasts, bicycle rental, vending machines.

Interior

The apartments are furnished by the management company. The furniture is also paid by the management company.

Advantages

A complete package of property management services.

Net rent after deducting all expenses is transferred to the account of the owner.

The rent does not depend on the occupancy of the apartment.

Financial performance

Yield from 3.05% to 3.15%.

Transaction costs

Apartment is sold without a buyer's commission.

Location and nearby infrastructure

Obersendling is a developed area with residential and commercial areas in the southern part of Munich, 10 km from the city center (22 minutes by car).

The area is unofficially considered as ”home“ of Siemens company, which has headquarters and a complex of its own buildings and units here.

Over the past 10 years, the district has been actively developing, according to the concept of “place to live and work”.

Real estate prices are growing steadily. The growth from Q1 2019 to Q1 2020 – 7%.

  • Property on the map
    Location right down to the building, street or city
  • Panoramas
    Virtual tour along the streets of the neighbourhood
  • Infrastructure
    Shops, schools, transport and entertainment
  • Other properties
    Other offers nearby

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 Solln elsewhere on our website.

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      How to buy property with Tranio

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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.

      • How does Tranio make money if your service is free for the clients?

        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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