North West Estate - income properties in Germany
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Business realty in München
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Location:
München is the capital and the largest city of the German state of Bavaria. Munich is the third largest city in Germany, behind Berlin and Hamburg. Its population is approximately 1,5 million people.
Munich has the strongest economy and the lowest unemployment rate (5.6%) among the German cities with more than a million people. Many world-known companies have their headquarters in München, amongst them Siemens AG (electronics), BMW (car), MAN AG (truck manufacturer), Allianz (insurance), Rohde & Schwarz (electronics).

Price 5 500 000 EUR
Sold
Property conditionnew
Plot area3071 m2
Property area700 m2
Year built2013
Rented outyes
Number of commercial units1
Current year’s income326 500 €
Full year’s income326 500 €
Actual yield5.94%
Potential yield5.94%


Purchase costs
Notarization82 500 €
Purchase tax192 500 €
Brokerage commission (6% excl VAT)330 000 €
Total605 000 €
Property description:

Tenant - network company. Lease agreement from 2013 to 2028 + prolongation options 1/5 years.

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