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    Buy-to-let apartment – Munich, Bavaria, Germany

    479,000 €
    • Yield 4.2 %
    • Total area 38 m²
    • Built in 1960
    • 6-floor building
    • 5 floor
    • Notary (state registration): 1.5 %
    • Acquisition tax: 3.5 %
    • Broker: 4.8 %
    • Total rooms: 1
    • 1 bedroom
    • 1 bathroom

    One-room apartment on the fourth floor of the six-storey building in the city center.

    Description of the building

    A residential house with commercial units on the ground floor.

    The building was built in 1960.

    The last renovation was carried out in 2016.

    The building consists of 25 one-room and three-room apartments, which are situated from the first to fifth floor.

    The apartment sizes span between 36 m² and 83 m².

    It is planned to complete the construction with two attic floors, where 6 penthouses will be located.

    Interior

    The apartment consists of a kitchen with a storage room, a living room and a bathroom with a shower.

    The apartment can be fully furnished at the request of the buyer. The design company will create an exclusive interior in Scandinavian style. Easy, light-toned and minimalist furniture will provide a maximum comfort.

    Financial performance

    Projected yield of 4.2%.

    Transaction costs

    Notary (state registration) is 1.5 – 2%.

    Acquisition tax is 3.5%.

    Brokerage fee is 4.76%.

    Location

    The building is located in the center of Munich in the district of Ludwigsvorstadt.

    The main railway station of Munich, underground stations, tram and bus stops are situated in a walking distance from the house. The airport can be reached within 30 minutes by metro.

    Many office buildings Open Spaces, coffee-houses and restaurants are situated not far from the property.

    The neighborhood of Klinikviertel with one of the largest and most famous healthcare complexes of Germany is located in a walking distance.

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