Investment property with expansion potential in an absolutely central location
A commercial unit (store) including storage space on the first floor, two residential units on the 1st floor, two units on the 2nd floor and a maisonette apartment on the 3rd and 4th floors are spread over a plot area of approx. 200 m². All units are currently let on fixed-term leases.
The residential and commercial building is centrally located in Munich's sought-after Hackenviertel district, just a few minutes' walk from Marienplatz, Karlsplatz / Stachus and Sendlinger Tor. The building originally located there was built in 1895 and destroyed during the war. It was rebuilt in 1951 using a closed construction method. It has five storeys with a basement and an unfinished attic storey; the rear part of the building has three storeys. The property is in a very good state of preservation with a medium standard of furnishings in the apartments and commercial areas. Successive modernizations have been carried out in recent years.
The addition of the rear part of the building (floors 3 and 4) and the additional conversion of the attic floor appear to make it possible to increase the floor space considerably.
Thanks to the excellent city center location with high footfall and the wide range of possible uses, the property represents an attractive investment for investors or developers.
- Property
- WGH 123
- Property type
- Residential/commercial
- Address
- Please contact us for further information
- Construction year
- 1951
- Modernization
- 2024
- Monument protection
- yes
- State
- neat
- Land area
- 200 m²
- Living space
- approx. 393 m²
- Commercial space
- approx. 101 m²
- Equipment
- normal
- With a cellar
- yes
- Net rent market
- 245.400 €/Year
- Net yield market rent
- 3,99 %
- Purchase price
- 6.150.000 €
- Buyer's commission
- 3.57 % incl. VAT from the purchase price
- Plastic window frames with standard insulating glass (installed around 1983 and 2008), some still have old wooden composite windows
- Flooring: rooms are largely fitted with laminate or vinyl flooring, some rooms have parquet flooring or PVC flooring
- Wall and ceiling plaster or woodchip wallpaper with paint
- Sanitary rooms are tiled, some with decorative tiles
- Predominantly panelled doors, painted white
- Gas condensing heating, rooms are heated via panel radiators
- Hot water is supplied via electric boiler
The historic Hackenviertel between Marienplatz and Sendlinger Tor is one of the oldest parts of Munich's city center and was first mentioned in a document in 1363. Picturesque, winding alleyways with listed facades exude an incomparable, authentic flair. Today, old and new form an exquisite symbiosis in the Hackenviertel. In recent years, historic pubs and stores have been joined by a top-class, modern range of restaurants and stores.
Marienplatz and Viktualienmarkt, the Dallmayr delicatessen and the Bavarian State Opera are just a few steps away. The Fünf Höfe and Maximilianstraße with its flagship stores of international luxury brands and boutiques are also within easy walking distance. There are also excellent restaurants and cafés, doctors and financial service providers. Other cultural highlights such as the Residenztheater and the Kammerspiele, the Residenz with the Herkulessaal and the HypoKunsthalle are all within a short walking distance. Marienplatz offers excellent public transport connections (S-Bahn and U-Bahn).
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.