Property Detail

Complex of 92 Micro Apartments in Munich for Sale

Complex of 92 Micro Apartments in Munich for Sale

Property type: complex of serviced apartments

Micro apartments: 92

Сompletion: Q1 2022

Building size: ca. 3,500 m2

Plot area: ca. 1,900 m2

Location: Munich (the district of Moosach), the state of Bavaria, Germany
Munich is the third-largest city in Germany with a population of about 1.5 million
• Munich is a city of high standards, one of the largest cities in the world and is considered to be a center of culture, politics, science and media; in 2018, the city was recognized as the most livable city in the world
• property is located in the district of Moosach, a quiet residential area, but at the same time with a well-developed infrastructure, including various shopping centers and public institutions
Moosach has an extensive network of transport links and provides a convenient connection to the city center
• 2 nearest metro stations are within walking distance from the property: 300m and 700m

Options of acquisition:

1. Complex of micro apartments is for sale with Vacant Possession (i.e. Free of Management)

2. However, we can assist the potential buyer in the selection of a suitable serviced apartment's operator for long-term lease agreement:
∙ with indexation of yield linked to inflation
∙ with a bank guarantee
∙ with Double net lease (NN lease): tenant (Hotel operator) is responsible for almost all operating expenses (including land tax, building insurance, minor repairs, etc.), except for total building renovation; the owner is responsible only in the case of a potential renovation of the entire building
∙ Yield: 4.0% per annum

Purchase price: 37,500,000 EUR
(+ closing costs)

Deal Structure – Share Deal:
• acquisition of the shares of the company that owns the property
• in case of Share Deal there is no obligation to pay property transfer tax

Property Contact

If you are interested in this property and would like to receive more detailed information, please get in touch using the enquiry form below and a company representative will contact you shortly.

[ Note:
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