Highly stately living with unique old building flair

In an environment rich in history and culture - close to Karolinenplatz and the Pinakotheken - seven stately Art Nouveau apartments ranging from approx. 60 m² to 270 m² and a dreamlike 300 m² penthouse are being built in the course of a complete renovation true to the original monument.
Traditional materials and well thought-out floor plans combine in these prestigious apartments with ultra-modern living comfort to create the amenities of exclusive living: room heights of approx. 3.10 m, white wooden mullion windows, parquet floors made of fine woods, wide double doors and elaborately restored stucco ornaments lend the rooms flair and individuality. An elevator and garage parking spaces are available.
The listed property offers capital investors and owner-occupiers high tax advantages.

Facts

Units

Rooms

2 - 6

Living space

71 - 299 m²

Available units

Unit	Floor	Area	Rooms	Parking spaces	Purchase price
ETW 2512/01	EG	approx. 93 m²	3	-	sold
ETW 2512/02	EG	approx. 71 m²	2	-	sold
ETW 2512/04	1. OG	approx. 258 m²	5	-	sold
ETW 2512/05	2. OG	approx. 257 m²	5	1	sold
ETW 2512/06	3RD FLOOR	approx. 269 m²	5	1	sold
ETW 2512/08	5. OG	approx. 299 m²	6	2	sold

Details

Architecture in the old baroque style
Floor-deep glass fronts
White lacquered wooden muntin windows
Ceilings up to 4.0 meters high
Noble oak plank parquet
Wide double doors
Elaborately restored stucco ornaments
Design bathrooms with high-quality sanitary objects and designer fittings
Underfloor heating and air conditioning
Open fireplace in the living area
Bus and alarm system

Location

Heiner Riedel

Founder and shareholder

+49 89 15 94 55-14 Send e-mail

Real estate guide

What is important to look out for during the visit?

Before buying a property, the building fabric and building services should be examined in detail. In the case of houses, the building must be thoroughly examined from the outside. Are the facade, windows and doors in order? Is there a need for repair? The gutters, downpipes and exterior lighting should also be considered.

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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 meant by a land register?

Land and rights equivalent to land (e.g. heritable building rights) are a delimited part of the earth's surface (§ 905 BGB) and are registered in the land register.

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How can I value my single family home?

Excellent market knowledge is essential for the valuation of single-family homes. In Germany, an owner-occupied single-family house is generally valued using the asset value method (§§ 21-23 ImmoWertV).

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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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What is meant by a "sole mandate"?

In German brokerage law, a broker's sole commission is a contract that defines an exclusive contractual relationship between a broker and the client. In the case of a sole commission, the client binds himself to a single broker who, in return, is obliged to provide a service.

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Real Estate Agent Munich

Highly stately living with unique old building flair