North West Estate - income properties in Germany
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Location:
Property located near the city of Munich. Munich is city on the river Isar in the south of Germany, in the federal state of Bavaria. The population of Munich is about 1.5 million. People. In Munich, registered the lowest unemployment rate of all the cities-millionaires in Germany - 5.6%. The city hosts some of the world-famous companies such as: Siemens AG (electronics), BMW (car), MAN AG (truck manufacturer), Allianz (insurance), Rohde & Schwarz (electronics).

Price 3 210 000 EUR
Plot area2957 m2
Year built2014
Rented outyes
Current year’s income286 000 €
Full year’s income286 000 €
Actual yield8.91%
Potential yield8.91%


Purchase costs
Notarization48 150 €
Purchase tax112 350 €
Brokerage commission (6% excl VAT)192 600 €
Total353 100 €
Property description:

The lease contract till 2042 and without the right of cancellation till 2027.

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