Four-star hotel.
Description
The hotel has 50+ rooms.
The absolute annual income is 430,560 €.
The current yield is 4,3%.
Brokerage fee is 3% + 20% VAT (in total 3.6%).
The property is located in the 5th district of Vienna, Margareten. Here you can find cafes and restaurants, Margarethenplatz, a cinema and the largest theater ensemble in Vienna. The plus of this area is proximity to the center (1st district).
Vienna is the capital of Austria with population of over 1,800,000 people.
Vienna is the 3d city-residence of the United Nations after New York and Geneva. There are the headquarters of such international organizations as OPEC and the OSCE here. Vienna 9 times in a row took the 1st place in the world for quality of life (Economist, 2018).
Public transport is well developed in Vienna, a chain of autobahns and railways connects Vienna with other cities in Austria and Europe. Schwechat International Airport is the largest in Central Europe, with more than 60 airlines from around the world registered, annually serving more than 14 million passengers.