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Prices from: EUR 410.000  Residential Building Billerstrasse

New Development  in MunichNew Development  in MunichNew Development  in MunichNew Development  in Munich

Description:

The property has an inn with a beer garden, a garage (2 spaces) and 6 apartments. Everything is fully rented.
A significant amount of money has already been put into the building to renovate the apartments, the inn, heating and ventilation and the beer garden.

*Net Rent: 32,424 € P.A. *Return: 7.9% *Built area: 435 M2 *Total area: 501 M2 (of which 166m2 pertains to the Inn) *Fully Managed

Financing should be assumed at around 5.5% and a loan to value of 70%. It is considered that Augsburg is completely undervalued at the present moment and expect excellent capital appreciation over the coming years.



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