The hotel with a private lake, Dusseldorf, Germany

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The hotel with a private lake, Dusseldorf, Germany

11,500,000 €
3,066 € /m²
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  • Total area
    3,750 m²
  • Built in 
    1997
Details
Property parameters
  • Land area: 7,000 m²
  • Total rooms: 60
  • Number of parking lots: 30
  • Hotel rating: 4
  • 5-floor building
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 4.0% + VAT
Features
  • Balcony or terrace
  • Garden
  • Car parks

Four-star hotel with a park.

Description

  • restaurant
  • bar
  • spa area
  • elevators
  • underground parking
  • winter garden

There is preliminary permission for the construction of an additional wing with 30 new rooms.

Occupancy rate 80%.

Own management is required

Financial performance

The current yield 8% (in case of own management).

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 6.5%.

Brokerage fee is 4.76%.

Location

The hotel is located on the border of Düsseldorf and Duisburg.

The center of Düsseldorf is 15 km away, and Düsseldorf Airport is 8 km away.

The property is located by the lake, 72 m from the metro station U-bahn.

Because of the proximity of the airport and stadiums, the hotel constantly hosts the famous football teams.

Dusseldorf is the capital of the federal state of North Rhine-Westphalia. The population of the city is more than 600,000 people.

Along with Berlin, Frankfurt-am-Main, Munich, and Hamburg, Düsseldorf is one of the 5 largest economic, transport, cultural and political centers of Germany.

The exhibition center Messe Düsseldorf holds more than 40 exhibitions a year and presents new products of about 30 enterprises.

The international airport of Düsseldorf is the 3rd largest in Germany, the passenger turnover — 20 million people. It is the hub for Lufthansa and Air Berlin.

The central station of Düsseldorf serves more than 1100 trains daily, this allows you to quickly get to any district of Düsseldorf and all nearby cities. Developed transport network: metro, trams, buses, autobahns.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a hotel purchase with a construction loan

Investment vehicle
Hotel
Construction loan
Yield per annum
3.6%-5.5%
8—10%
Investment budget
11,500,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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