Neighborhood name : Ludwigs-Vorstadt

Land area: 230 m

About the site specifications:

Central location just a few minutes walk from

Central train station, Stachus station, Zendelinker Straße station, Tiezenstraße

Property type:

The land is currently constructed and is a front building and a back building

Bording house

Project plan:

Demolishing the current building, of a commercial type, and constructing

a new building with approval It consists of 32 apartments and 8 parking spaces

Land plan for the project in the municipality of Munich / Munich Center 

A complete study and a complete cost plan for the new construction has been made

The approval granted for the gender of the property: Boardnex House (his hotel)

1 – Hotel lobby with a car elevator on the ground floor
2 – First floor – up to the seventh floor, it contains 24 studio rooms – an apartment, with 8 two-room apartments
3 – Underground car parks consisting of 8 parking lots

The construction period of the new building takes one year.

Price including new construction cost: 15,800 million euros

It is possible for the owner to rent the building immediately to a company that manages the hotel with a very good rental income of up to 8.5{0c290d1538bc15307c3484dfd9b55864e586c28c88ba348610b83daf0054d534} annually of the investment value.

The cost of the building in the current situation is 12,3 million
The new construction cost 4,5 million

The total equals 16.8 million

The investor can pay 40{0c290d1538bc15307c3484dfd9b55864e586c28c88ba348610b83daf0054d534} of the project cost and the rest is financed by a German bank

Important note

the constant profits resulting from the increase in the property value annually in Germany, especially the city of Munich, where the price increases It is very large without being affected by the issue of the epidemic