Charming set-back courtyard location: apartment building with 12 units and potential
This property, exclusively offered for sale by us, is a listed apartment building that impresses with both its micro and macro location. The building presents itself in an absolutely sought-after, central location at the interface of Maxvorstadt and Schwabing and offers short distances to the Kunstareal with the Pinakotheken, to various institutes of the LMU, to the Munich University of Applied Sciences, to galleries and concept stores as well as to the popular Hohenzollernstraße, Elisabethmarkt and Münchner Freiheit. Pleasantly set back and embedded in a charmingly designed inner courtyard with mature trees, the lively street to the east is largely hidden from view.
The four-storey building, built in 1898, has a well-kept historic façade with mullioned windows and an enchanting mural of the Virgin and Child. The building contains 12 residential units between approx. 36 and 118 m²; the total rentable area is approx. 659 m². The attic, which has already been partially converted, may offer further interesting potential. The property is currently in the process of being divided between the front and rear buildings.
The furnishings of the apartments are predominantly different. Some of the units have been renovated or modernized in the past 20 years; others are in their original condition. The building is not subdivided in terms of the WEG; the conservation statutes apply.
- Property
- WGH 143
- Property type
- Apartment house
- Address
- Please contact us for further information
- Construction year
- 1898
- Monument protection
- yes
- State
- maintained
- Land area
- 476 m²
- Living space
- approx. 659 m²
- Useful area
- approx. 1.095 m²
- Terraces
- 1
- Equipment
- normal
- Garden use
- yes
- With a cellar
- yes
- Residential units
- 12
- Net rent current
- 122.614,92 €/Year
- Current net yield
- 2,85 %
- Purchase price
- 4.300.000 €
- Buyer's commission
- 3.57 % incl. VAT from the purchase price
The apartment building we are exclusively offering for sale is in a highly sought-after location, virtually at the interface of Maxvorstadt and Schwabing. The location thus combines the best of both worlds and offers short distances to the Kunstareal with the Pinakothek art galleries, various LMU institutes, Munich University of Applied Sciences, galleries and concept stores as well as the popular Hohenzollernstrasse, which invites you to stroll around, Elisabethmarkt and Münchner Freiheit. The building is pleasantly set back in a very attractively designed inner courtyard with mature trees and combines vibrant city life with a quiet micro-location.
Just a few steps away are numerous shopping facilities for daily needs (supermarket, drugstore, bakery, butcher, etc.). Trendy cafés, trendy restaurants and cinemas are also within easy reach.
Families will find a large selection of daycare centers (including bilingual and Montessori facilities) and schools of all types in Schwabing. The leisure and recreational value of this location is also excellent. The Nordbad swimming pool is just a few steps away. The Olympic Park and the Luitpold Park - a green insider tip - are within cycling distance, as is the English Garden. With the streetcar almost on the doorstep and the "Josephsplatz" subway station just a few minutes' walk away, there are excellent public transport connections.
We will gladly send you our detailed exposé with a detailed description of the property including planning documents by e-mail and, if desired, also by post.