The hotel has 30+ rooms. It is possible to increase the number of rooms up to 40.
The absolute annual income is 685,000 €.
The current yield is 3,1%.The expected annual income is 880,000 €.
The expected yield is 4%.
Brokerage fee is 3% + 20% VAT (in total 3.6%).
The property is located in the 1st district of Vienna, the Inner City. The 1st district is the cultural center of Vienna and its historical core. Town Hall, St. Stephen’s Cathedral, Burgtheater, Ringstrasse are the main attractions of the area. Here is the Golden Quarter, where shop of international designers are located.
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.