Studio for Sale - Munich | Bavaria - Germany - Ref 1180917

For more information please fill out the quick enquiry form

Property No Longer Available

This property has either been sold or removed from Propertyshowrooms.com. Here are links to some very similar properties

Studio Description

STUDENT ACCOMODATIONS - MUNICH – GERMANY

There are 95,000 students in MunichLocation: between TU University Garching and LMU Munich University, Bus-Station direct in front of building, U6 subway station not far, English Garden close by.KfW 40 -Property development i.e. environmentally friendly construction with energy consumption reduced by 60%, which is the reason why German government will refund EURO 5,000 per each unit purchased in this development. This also makes the project more competitive on the Munich market as the maintenance costs are considerably lower. 442 fully furnished Student Apartments: kitchen,WC/Shower, bed, wardrobe, desk, table, chair

Construction started in 2011 – completion December 2012.Types of apartments:

Typ A- 21-22sqm incl. Balcony, fromEURO 92.800 - SOLD OUTTyp B- 21-22sqm incl. Terrace, fromEURO 90.800Typ C- 19,2 sqm, fromEURO 80.800Typ D- 24-25 sqm incl. Terrace,EURO 117.800Typ E- 39-42 sqm incl. Balcony,EURO 159.800Rental income / Yield: net yield 4,5 %

Calculation example:

rent 17 EURO/sqm, (this is the lowest possible level)

PriceEURO 80.800 (Type C) + German AgentEURO 2.885 + Notary/TaxEURO 4.000

minusEURO 5.000 bonus,

Therefore the price isEURO 82.685

net rental incomeEURO 3.726, net yield 4,5 %(including all German buying cost)

Additionally each apartment gets: landline phone, local Internet and University Internet connection. Bike parking place, common rooms, Beach-Volleyball etc.

Property Manager available 24/7Realistically students will pay at leastEURO 20,50sqm per sqm – regular rent in Munich is 25 EURO/sqm and up but due to the very low maintenance costs the rent can be reduced, which results in very low vacancy level.Property management and letting services provided by one of the best German property management companies with many years experience. Tenants pay fixed amount regardless of energy consumption.

Some more reason why to invest Munich:1. Munich is located in the South of Germany, the location guarantees better weather and more hours of sunny weather per year. It is also close to the Adriatic seaside as well as to Italian Rivera. The Alps are 45 minutes drive from Munich (skiing in the winter, walking in the summer. Zürich/CH -3 hours, Milano IT - 5 hours, Vienna AT - 4 hours, Prague CZ - 3 hours, Paris FR - 6 hours drive.2. Eight out of 30 largest German companies quoted at the German Stock Market Companies are headquartered in Munich. SIEMENS,ALLIANZ, MüNCHNER-RüCK (world largest re-insurer), EON, BMW, MAN, Infineon, Hypo-Real-Estate, LINDE. 3. Only 3.2 % of Munich population need local social benefits (Sozialhilfe).

4. Munichhas one of the lowest crime rates in Germany. 5. Munich survived the recent financial and real estate crisis relatively unharmed with the property prices actually going up all the time. 6. Unemployed rate in Munich is4,2 % and inthe area around only 3,1% mix, (Bavaria incl. Munich 3.5%)

7. Munich is in the middle of the richest German Land of Bavaria.

CURRENT AVAILABILITY

App.

Qm

Balk./Terr.

Kaufpreis

Typ

A01

19,02

- - -

83.800 €

C

A03

21,32

Terrasse

90.800 €

B

A05

21,97

Terrasse

90.800 €

B

A09

21,97

Terrasse

90.800 €

B

A19

19,26

- - -

83.800 €

C

A24

19,33

- - -

83.800 €

C

A26

21,33

Terrasse

90.800 €

B

A28

21,80

Terrasse

90.800 €

B

A30

21,97

Terrasse

90.800 €

B

A301

24,58

Dachterrasse

117.800 €

D

A305

24,75

Dachterrasse

117.800 €

D

A309

24,64

Dachterrasse

117.800 €

D

A316

24,59

Dachterrasse

117.800 €

D

A318

24,75

Dachterrasse

117.800 €

D

A32

21,80

Terrasse

90.800 €

B

A320

24,75

Dachterrasse

117.800 €

D

A324

24,75

Dachterrasse

117.800 €

D

A326

24,64

Dachterrasse

117.800 €

D

A328

24,64

Dachterrasse

117.800 €

D

A330

24,75

Dachterrasse

117.800 €

D

A332

24,75

Dachterrasse

117.800 €

D

A338

24,58

Dachterrasse

117.800 €

D

A34

21,97

Terrasse

90.800 €

B

A35

Like this? Then share with your friends and colleagues!

Approximate price of this 0-Bed Studio

€85,634 EUR |

£68,533 GBP |

US$107,437 USD |

(Currency and Foreign Exchange services supplied by

)

Ref	1180917
Town	Munich
Province	Bavaria
Country	Germany

Type	Studio
Category	Re-Sale
Listed	over 6 months ago

Looking at property as an investment? ... Find out more >>

Map of Munich, Bavaria, Germany

Real Estate Agent Listing this Property

Agent	Knight Knox International
Listing Since	14 August 2008
Property Listings	View all properties from this agent

Price: £68,533

Information on similar properties
First Name	*
Surname	*
Email	*
Tel No.	*
Country	*
Comments	Please send me more information about similar properties to this one

FREE! Top 10 Tips for buying property when you request more information