4 stars wellness hotel in Thermal region, South-East Austria

Additional information is provided after the signing of an NDA

4 stars wellness hotel in Thermal region, South-East Austria

1,900,000 €
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Total area: 1,684 m² Yield: 6.0% Built in 1990
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Features
  • Land area: 7,380 m²
  • 4-floor building
  • Minimum owner's capital: 1,000,000 €
  • Most recent total renovation: 2016
  • Leasable area: 1,684 m²
  • Loan size: 50% of the value of the object
  • Rate: 2.5%
  • Loan term: 20 years
  • End of lease: 2017
  • Notary (state registration): 3.5%
  • Acquisition tax: 3.5%
  • Broker: 3.6%
  • Total rooms: 33
  • Hotel rating: 4
  • Balcony or terrace
  • Internet
  • TV
  • Furnished
  • Golf course
  • Swimming pool
  • Garden
  • Car parks
  • Mountain view

The 4-star Wellness Hotel is located on the site of 7.380 m², has 31 double rooms and two suites. The area of the whole building is 1.684 sq. m. On the top floor is the manager's apartment (approx. 110 m²). On the ground floor there is a reception desk and a cozy restaurant for breakfasts. 

The wellness area (approx. 80 sq. m.) consists of a sauna, a shower room, a whirlpool, a relaxation room and a solarium. In summer, there is a swimming pool in the garden for guests.

The hotel was built in 1990 and was constantly updated and improved. Every five years, the owners invested in the building, so it is in very good condition.

Loan

It is discussed with local banks individually.

Typically the one can count on 40–50% of the purchase price at 2–3% per annum for 10–15–20 years.

Tenants

The current owner and manager is willing to manage the hotel for the new owners within the next two to three years.

Transaction costs

Ancillary Expenses in Austria are set by law and they are calculated as percentage of the Gross purchase price: 

  • Real property transfer tax 3.5% 
  • Land Register registration fee (title to property) 1,1% 
  • Costs of drafting of the contract, as well as cash 
  • Commission for the agent 3.6% (incl. VAT) 
  • Notaries, clerical, stamp duty 150 — 500 euro per contract 
  • expenses for certifications and stamp duties. 1.2%- 2.4% (incl. VAT)

In addition to the mentioned above mandatory associated costs when buying property in Austria, you may experience the following expenses: translations of the documents; Interpreting (during signing the contract) by the sworn translator; Costs for a loan/ mortgage; tax advisory etc

Location and nearby objects

The complex is located in the southeast of Austria, near the borders with Hungary and Slovenia.

Tourists are attracted to this region:

  • The largest in Austria and one of the largest in Europe SPA-complex with thermal water. Annually it is visited by approx. 600.000 tourists
  • 27 hole golf course
  • local cuisine and wine

Statistics in Austria

Price per m², €
4,807
Healthcare efficiency level
79
Crime rate
22
Real estate Price, €
Apartment in the city centre, m² 4,807.21
Apartment in a bedroom community, m² 3,217.27
Transport Price, €
Public transport, 1 ride 2.4
Monthly travel card 45.3
Taxi, 1 km 2.0
Petrol, 1 l 1.22
Food Price, €
Water, 1.5 l 0.64
Milk, 1 l 1.07
White bread, 500 g 1.81
Eggs, a dozen 3.04
Chicken fillet, 1 kg 10.13
Education Price, €
Kindergarten, per month 244.03
International school, per year 15,565.22
Health care index
Staff competence 82.19
Medical equipment 92.69
Research accuracy and completeness 81.63
Attitude towards patients 71.72
Security index
Crime rate 18.07
The risk of being robbed 17.71
The risk of car theft 18.78
The risk of break-in and property damage 28.12

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Enquire about this hotel
Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 17 4822 0039
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    When you submit a request, you agree to our terms and conditions
    • Bank financing from 2% annually
    • Construction site audits
    • Management company services
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