Luitpoldpark: 2.5-room apartment with high return through hereditary lease

Description

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A property with hereditary lease: very interesting capital investment

The offered apartment is located on the 7th floor of the “Apoll-Haus”. Thanks to its on-site property management and dedicated service personal, the residential complex is very well maintained and in a clean condition.

The apartment is furnished in a Mediterranean style. The living room has access to the east-balcony with view of the Luitpoldpark. The bedroom and the kitchen have a balcony,too. The spacious, separate kitchen with window is fully equipped and is just waiting for you. The washer-dryer is integrated into the kitchen unit. The bedroom as a comfortable boxspring bed, a closet and a dresser. The elegant and modern bathroom has a shower-bathtub and access to the practical storage room. The hallway is generously designed. There is an open study area, adjacent to the
living room.

The apartment comes with a basement compartment. The basement also has a communal room and an utility room. There is a single parking space in the underground parking garage suitable for SUVs, which can be rented.

This property is very interesting for capital investors, as it is located in the immediate vicinity of many well-known companies. It is also suitable for personal use at a later date.

Note: This apartment is purchased on hereditary lease. The leaseholders are private persons. The leasehold contract was signed for 75 years from 26.10.1967. It therefore ends on 31.10.2042. If the heritable lease lapses after the expiry of time, the property owner does not have to pay any compensation for the building. The leasehold gives you the advantage of an 'affordable' apartment; the annual ground rent can be claimed for tax purposes when renting the apartment and deducted in full as an expense.