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Munich buy-to-let apartment package

Munich Apartments

Description

A unique opportunity to purchase six apartments with a total area is 150.4 m² (each unit is 25 m²).

The modern residential complex will include 143 apartments with an area of 25–42 m². All the apartments are fully furnished and finished with high quality materials and kitchenette. Generous and attractive common areas such as lounge lobby with a bar, a rooftop terrace, a laundromat, a fitness room and much more. 40 underground parking spaces including 2 electric parking spaces.

Financial performance

The net yield is 3.3%.

Tenants

The lease agreement is valid for 15 years + 2 extension options of 5 years.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 3.5%.

The property is sold without commission for the buyer!

Location

The property is located in Munich-Obersendling and is only a few kilometres from the city center. Obersendling is a district in south-western Munich and is now one of the popular districts of the Bavarian capital due to its good geographical location between the centre and the banks of the Isar, the nearby Munich Hellabrunn Zoo and the adjacent forest-like Südpark. The “Siemenswerke” S-Bahn station is in the immediate vicinity of the property and can be reached on foot in about 1 minute. As well as supermarkets, bars, restaurants and various leisure activities.

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