München 

$13,800,000.00

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Wohn- Und Geschäftshaus: 55 Wohn- Und 3 Gewerbeeinheiten Mit Interessantem Potenzial In Guter Lage

Property Description

This property, which we are exclusively offering for sale, is a mixed-use residential and commercial building that stands out for both its micro and macro location. The building is situated in a highly sought-after, central location in Schwabing near Hohenzollernplatz and offers easy access to the Kunstareal with the Pinakotheken, various LMU institutes, Munich University of Applied Sciences, galleries, and concept stores, as well as the Elisabethmarkt and Münchner Freiheit. Built in 1955, this seven-story building impresses with its clean, period-appropriate architecture and solid construction. It features an elevator that provides convenient access to the upper floors. In total, the building comprises 55 residential units ranging from approximately 24 to 55 m², as well as three commercial units with areas ranging from approximately 56 m² to 172 m²; the total leasable area is approximately 2,255 m². Currently, four residential units are available. In addition, one of the three commercial units is vacant. The apartments vary in their features. Some units have been renovated or modernized over the past 20 years, while others remain in a more original condition. The elevator system was modernized in February 2024 through a partial renovation of the control system and electronics. The roof was last renovated in 2009, and the windows, including thermal insulation, were also renovated in 2009. The building is not divided into units as defined by the German Condominium Act (WEG).
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