Residential and commercial building with apartments, store and potential for expansion in the city center
The building exclusively offered by us for sale was built in 1961 in the heart of the medieval Munich Old Town. With high visibility, only about 25 meters from the Isartor and valley, it fits seamlessly into a closed row of houses with its straightforward, functional architecture.
On the ground floor there is a shop with an adjoining office space with a total area of approx. 68 m²; on four residential floors there are a total of twelve 1-room apartments between approx. 26 and 34 m². The residential and commercial areas thus currently comprise a total of approx. 444 m². The attic floor offers excellent development potential. Up to approx. 90 m² of additional, high-quality living space could probably be created here. In the basement there are storage areas as well as a washing and a drying cellar. Behind the building there is a small, green courtyard area. There is currently no lift.
The property is well maintained. However, modernisation would be a good idea to bring the quality of the fittings in line with the prime location. For example, the installation of a lift in the atrium is conceivable. Furthermore, the balconies located in the atrium can be directly assigned to these apartments by relocating the apartment access doors. Including the newly created living space in the attic, a total of approx. 540 m² of residential and commercial space could be created. We ask for your understanding that we cannot assume any guarantee for the actual feasibility under building law. A legal safeguarding would only be possible by obtaining a building permit.
With an average market rent of € 33.55, a net rent of € 217,392 p.a. and thus a considerable rental yield of 2.60 % could be generated after expansion and renovation.
- Property
- HS 1208
- Property type
- Residential/commercial
- Construction year
- 1961
- State
- neat
- Land area
- 175 m²
- Living space
- approx. 444 m²
- Useful area
- approx. 700 m²
- Balconies
- 4
- With a cellar
- yes
- Commercial units
- 1
- Residential units
- 12
This property is already sold.
- The residential units are in different states of modernization. Unit 4 on the 2nd floor was the last to be modernized in 2014 (oiled oak parquet flooring, modern bathroom with tub, kitchen fixtures and appliances).
- The windows in the building were mostly renewed in 1999 (2-paned plastic windows).
The oldest core of Munich's city centre was already mentioned in a document in 1363. Picturesque, winding alleys with listed facades still unfold an incomparable, authentic flair today. The unique mixture of Bavarian tradition and cosmopolitanism, of traditional shops and international flagship stores, of art, culture and customs makes Munich a unique metropolis that attracts millions of people from all over the world every year.
The property is located in Graggenau, one of Munich's four medieval founding quarters. Only a few steps away from the highly frequented Isartor and the top location Tal, the property enjoys a perfect infrastructure for both visitors and permanent residents.
Numerous tourist attractions, shops for daily needs, the Dallmayr delicatessen and the Viktualienmarkt are within easy walking distance, as are the international luxury boutiques in nearby Karstadt Oberpollinger, Maximilianstraße and Fünf Höfe. In addition, there is a wide variety of gastronomy ranging from fast food to top restaurants, doctors and financial service providers. Many cultural highlights such as the State Opera, the Residenztheater and the Kammerspiele, the Residenz with the Herkulessaal and the Kunsthalle are within walking distance, as are top hotels such as the Mandarin Oriental, the Bayerischer Hof and the Vierjahreszeiten.
- Energy certificate type
- Consumption pass
- Date of issue
- 30.10.2018
- Valid until
- 29.10.2028
- Year of construction Heating
- 2002
- Main energy source
- Fernwärme
- Final energy demand
- 140,7 kWh/(m²*a)
- Energy efficiency class
- E
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