Microapartment for rent in an aparthotel under construction.
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)
- 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.
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%.
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.
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.
The property is situated in the largest city in Bavaria and the 3rd in Germany (after Berlin and Hamburg).
- 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%.