An empty living room with parquet flooring, a large window, white walls, a grey accent wall and a view of greenery.
München, Deutschland

4 rooms, south-facing balcony, green views

€610,000ID: AZYDEBY-1433-3
Living areaapprox. 101 m2
Room4
Bathroom1
4 rooms, south-facing balcony, green views

This four-room flat on the first floor has been let continuously since October 1967 – to the same tenants, without interruption, since the year after the building was completed. Anyone looking for an investment that works without attention will find the proof here in the form of a tenancy agreement.

The layout dates from a time when homes were planned generously: approx. 93.85 sqm across four rooms, plus a separate kitchen with its own window, a bathroom with natural light and an additional toilet. The living room opens onto the continuous, covered south-facing balcony through a floor-to-ceiling door.

What really defines the flat is the view. In front of the building lie open meadows with mature trees, a country lane runs through them, and a church tower stands in the distance. There are no buildings opposite, and there will be none in future. For a Munich address within the city limits, this is a rarity – and the reason why people seldom move out of this estate.

The flat is unrenovated and in used condition. The floors are partly carpeted and partly old mosaic parquet; the kitchen and bathroom are functional but dated. With such a long tenancy, this is no surprise but the flip side of its stability – and at the same time the potential that a future owner can realise when the opportunity arises.

Some of the pictures show the flat in its original condition, others are visualisations. In the pictures of the original condition, only the tenants’ private furnishings have been removed digitally to convey a sense of the empty flat.

Key Data

The building was constructed in 1966 in solid masonry and comprises six flats on three levels – two units each on the ground, first and second floors. Heat is supplied by district heating from combined heat and power generation, with a transfer station dating from 2014 and central hot water supply. This is the building’s quiet advantage: there is no heating system of its own for the owners to be responsible for, no boiler replacement on the horizon, and at 12.6 kWh/(m²·a) the primary energy consumption is exceptionally low.

The windows throughout the building have since been replaced with double-glazed uPVC windows. Each flat has a cellar compartment and a continuous south-facing balcony. The staircase and grounds are well kept, without any claim to look new.

Inside the flat, the original fabric shows openly. The living room has mosaic parquet in good visible condition, the two rooms are carpeted. The interior doors are original to the building, with ribbed glass panels and brass handles – for lovers of the period, more character than flaw. The kitchen is a separate room with its own window. The existing fitted kitchen belongs to the tenant and is not included in the sale. The visualisation shown serves only to illustrate a possible kitchen design.

The bathroom has a window and therefore natural light and ventilation – by no means a given in buildings of this period. It is fitted with a bathtub, washbasin, toilet and space for a stacked washer and dryer directly in the room. A separate toilet completes the flat. The radiators are original.

The balcony runs along the entire width of the flat and is covered and clad at the sides, so it can be used even when it rains. The flat also comes with a cellar compartment and the right to use a parking space in the underground car park.

Property TypeFlat
Room4
construction year1966
Bathroom1
Living areaapprox. 101 m2
Parking Spaces1
commission3.57% incl. VAT
Highlights
  • Let since October 1967
  • South-facing balcony
  • Unobstructed green views
  • Bathroom with natural light
  • Guest toilet
  • District heating
  • Underground parking space
Floor Plans
Black-and-white floor plan of a flat with rooms labelled in German: bedroom, study, living room, balcony, bathroom, kitchen, storage room, hallway, toilet and children’s room.
1st floor
The location

Warthestraße lies in the north-east of Munich, in the Englschalking district where it meets Denning, and thus in the borough of Bogenhausen. The neighbourhood is characterised by single-family houses and low-rise buildings; the estate on Denninger Straße and Warthestraße forms the only multi-storey row. To the south and west, the Denninger Anger and the Tangente 5 adjoin two urban green corridors that give the quarter its quiet character. Ostpreußenstraße, with more than a hundred shops and restaurants, covers everyday needs. To the east, the S-Bahn stations Daglfing and Englschalking connect the area with the city centre and the airport; to the west lies Arabellapark, one of the city’s major office and hospital locations.

The exact location is available on request with the exposé.
Checkout

The brokerage contract with us is concluded by written agreement or by the inquiry and/or use of our brokerage services on the basis of the property exposé and its conditions.

All information is without guarantee and is based exclusively on information provided to us by our client. We do not assume any liability for the completeness, correctness and up-to-dateness of this information. The real estate transfer tax, notary and land register costs are to be borne by the buyer.

In all other respects, our General Terms and Conditions apply. Errors and prior sale excepted.

Extra purchase costsIncidental costs should usually be financed from your own funds.
Purchase Price€610,000
Extra costs 8.57%€52,277
Broker commission
3.57%€21,777
Real estate transfer tax
3.50%€21,350
Notary fee
1.50%€9,150
Total Costs€662,277

We look forward to your inquiry

Your consultant

Nicolas WolfSales Consultant

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