Living room with large sun terrace (1/1)

Munich - Nymphenburg / Gern

sold

Sunny, very well cut apartment with beautiful south roof terrace

Very sought-after residential area at the Canaletto, nicely cut flat on the 1st terrace floor of a three-storey residential building with elevator, generous very bright living-/dining area with large window fronts to the terrace, kitchen with small balcony, bath with tub, separate guest toilet, storeroom, sanitary equipment and floor coverings do not correspond any more to the contemporary taste, unobservable sunny south roof terrace (approx. 24 m ²), lockable large single underground parking space.

Basic data

Property: ETW 2518
Property type: Apartment
Construction year: 1974
Floor: 1. OG
Lift: yes
State: in need of renovation

Area listing

Living space: approx. 103,01 m²

Space and equipment

Room: 4
Parking spaces: 1

Purchase price

This property is already sold.

View current offers

Location

Maximilian Riedel

Authorized signatory and shareholder

Real Estate Economist (IRE|BS)

+49 89 15 94 55-32 Send e-mail

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Real estate guide

Approximately how long does it take to rent an apartment?

The marketing period is highly dependent on the attractiveness of the property, the selected rental price and the sales concept. In a first step, RIEDEL Immobilien analyses the marketing opportunities of a property, develops a sales concept adapted to the property and recommends a rental price in line with the market.

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What is a declaration of division?

The declaration of division is regulated in § 8 of the Condominium Act (WEG). The declaration of division can be described as the "statutes" or "basic law" of a divided property, as all the essential rights and obligations of the co-owners are established here.

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How is a renovation sensibly financed?

This depends on the income situation as well as the use. In other words, whether the property is acquired for own use or as an investment.

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If I am buying from a developer, can I put in my own work?

Most property developers largely exclude the purchaser's own contribution, as delimitation problems arise with regard to warranty and defect removal claims.

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What is a "ground lease" anyway?

The "hereditary lease" is prohibited by law in Germany today. Colloquially, however, the "Erbbaurecht" is often referred to as "Erbpacht". A "hereditary building right" is a right equivalent to real property which is formed in a separate "hereditary building right land register".

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What do you need to consider when buying income property?

The risk profile of the property should be comprehensively assessed as part of a "due diligence", i.e. a simple consideration of the gross yield (annual rent : sales price x 100) is certainly not sufficient. This involves a large number of assessment steps, which are only presented as examples in the context of this blog.

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Learn more

Real Estate Agent Munich

Real Estate

Sunny, very well cut apartment with beautiful south roof terrace

Sunny, very well cut apartment with beautiful south roof terrace

Other offers nearby

Charming studio apartment with south-facing balcony directly on the Hirschgarten

Light-filled apartment in an old building with high-quality furnishings in a popular location

Real estate guide

RIEDEL Immobilien – Your real estate agent in Munich & Grünwald