Three-star hotel with a long-term lease agreement.
Description
- the total area is 5,540 m²
- 124 double rooms
- 10 suites
- parking
Absolute annual income is 774,830 €.
The current yield of 5.4%
The tenant is a hotel chain with more than 20 hotels in Germany and Austria.
The lease agreement is valid until 31/12/2040 and provides the indexation of the rent.
Type of lease: Dach & Fach (NNN lease) — the owner pays only for the maintenance of the supporting structures of the building.
Notary fee of 1.5%.
RE purchase tax of 5%.
The broker's fee of 4% + 19% VAT (in total 4.76%).
Karlsruhe is the second-largest city in the state of Baden-Württemberg, in southwest Germany, near the French-German border. It has a population of 307,755 people (2015).
There are various enterprises of transport and electrotechnical engineering, oil refining, metalworking, chemical, printing, the food industry in the city.
Karlsruhe is the second largest river port in Germany.
Karlsruhe is widely known as a world pioneer in the concept of using railways by trams in order to create a more efficient and convenient public transport system (see tram-train), and it is also connected by high-speed railways (ICE) and highways (A5 and A8 motorways) with Frankfurt, Stuttgart and further with Munich and Freiburg, then Basel (Switzerland). Autobahn West-East A8 begins from the city of Karlsruhe.
In recent years, about a million overnights per year have been recorded in Karlsruhe.
The city exhibition center, a conference center, a university are located in close proximity from the hotel. Trams stop is just in 100 meters away, and the S-Bahn (city rail) station is in a 7-minute walk away.
The guests can reach the center of Karlsruhe in 10 minutes, as the center of Karlsruhe is just 4 km away.
