Condominium on the 4th floor with loggia

Condominium on the 4th floor of a five-storey apartment building on Bonner Straße, Munich-Schwabing, built in 1957. The property comprises two rooms, kitchen, bathroom, storage room, hall and loggia with a living area of approximately 56.8 m² as well as a cellar compartment of approximately 5.1 m². The flat has very good transport links: the Kölner Platz and Bonner Platz bus stops are each approximately 300 metres away, and the Scheidplatz underground station can be reached on foot in 400 metres. From there, Munich Central Station can be reached in approximately 7 minutes, and the U3 at Bonner Platz reaches the city centre (Marienplatz) in approximately 8 minutes.

As at the valuation date of 01.02.2024, the flat is let. The current net cold rent is €490.00 per month plus a service charge advance payment of €51.97, and the service charges amount to approximately €2,740.00 per year. The tenancy agreement has existed since November 1979.

The flat is in a condition typical for its year of construction with a considerable maintenance backlog. The carpeted floors are rippled and older, the wooden windows in the kitchen and bathroom are from older stock, while the living room and bedroom have plastic windows from around 1999. The bathroom radiator is heavily corroded, the interior walls are heavily soiled by nicotine. A Vaillant gas boiler in the kitchen supplies the flat with heating and hot water. The common property is in an average condition typical for its year of construction.

Wording of the local court, taken from the official auction notice.