Au-Haidhausen: Competitive return concept - ground lease

Attractive return concept in ground lease, I will gladly explain more details in a personal phone call.

The furnished 1-bedroom apartment is located in a ground lease residential building with a total of 64 units, which was built in 1973.
It is in a well-kept, contemporary condition and has everything to offer what you need for a single household.

Via the elevator you reach the apartment on the 4th floor with south-east orientation to the quiet courtyard.
In the entrance area there is a shelf, which offers enough storage space for your wardrobe and clothes.
From here you reach the tiled bathroom with tub, as well as the combined living and sleeping area with real wood parquet flooring and an integrated open kitchenette.
The kitchen is equipped with all necessary electrical appliances such as oven, 2 plate stove, microwave and a refrigerator with freezer compartment. In addition, dishes and all kitchen utensils make the household perfect.
The space in the living and sleeping area has been perfectly utilized with a French bed, a sofa as well as a folding table and 2 chairs, making the apartment a real feel-good area. The window front to the balcony makes the apartment look even more friendly and inviting.

Because of the ideal size of the single apartment in combination with the complete equipment and inventory, the property is perfectly suitable as an investment.

Ground lease briefly explained:
A ground lease includes the right to have a property on someone else's land. The advantage of buying is that the price of the plot does not apply and therefore the financing costs are considerably lower.
As a ground lease holder you become the full owner of this apartment and pay the landowner (ground lease provider) a ground rent of only € 847,- per year - the ground rent is included in the monthly house payments. The ground rent is linked to the consumer price index and can be increased every three years.
Due to the ground lease, the property can be used in any way, rented, inherited and sold.
Depreciation and tax benefits are also allowed. With regard to the ground lease, the expenses for its acquisition are to be distributed over the term of the right through depreciation (AfA). The ground rent is also tax deductible.
The ground lease expires in 2049 and reverts to the grantor of the ground lease at the end of the term.
For capital investors, this means a profitable rent for the next 27 years with a lower investment.