Hotel in Essen, Germany

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Example of hotel in Essen

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Hotel in Essen, Germany

9,000,000 €
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Total area: 5,600 m² Yield: 5.5% Built in 2015
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Features
  • Operating Incomе: 495,000 €
  • Land area: 2,500 m²
  • Occupancy: 100%
  • Number of parking lots: 40
  • Loan size: 60% of the value of the object
  • Rate: 1.8%
  • End of lease: 2030
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 4.8%
  • Total rooms: 100
  • Hotel rating: 4

A four-star hotel in a detached building.

Description

Total area of the building is 5,600 m²

The hotel room capacity: 100 rooms. 

The hotel inludes a restaurant for 70 seats, a conference room, a fitness-club and a spa.

The building was built in 2015.

Financial performance

Absolute annual income is 495,000 €.

The current yield of 5.5%.

The indexation of rental revenue is proportional to inflation.

Loan

It is possible to obtain bank loan for 60% of the value of the property at 1.75% per annum.

Tenants

The tenant is a large hotel operator.

The lease agreement is signed for 15 years with extension options for 3x5 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

The brokerage fee is 4.76%.

Location and nearby infrastructure

The hotel is located in the central district. Public transport stops are situated in a close vicinity of the property. There are many sights located in proximity from the hotel.

Statistics in Essen

Price per m², €
2,367
Healthcare efficiency level
85
Index 85 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
59
Index 59 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 2,366.67
Apartment in a bedroom community, m² 2,030.0
Transport Price, €
Public transport, 1 ride 2.8
Monthly travel card 80.0
Taxi, 1 km 2.0
Petrol, 1 l 1.39
Food Price, €
Water, 1.5 l 0.24
Milk, 1 l 0.66
White bread, 500 g 1.04
Eggs, a dozen 1.63
Chicken fillet, 1 kg 7.18
Education Price, €
International school, per year 16,000.0
Health care index
Staff competence 89.29
Medical equipment 100.0
Research accuracy and completeness 87.5
Attitude towards patients 67.86
Security index
Crime rate 46.15
The risk of being robbed 32.69
The risk of car theft 36.54
The risk of break-in and property damage 53.85

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

More properties

If this property wasn’t for you, take a look at other hotels for sale in Germany.

You can see more hotels for sale in Essen elsewhere on our website.

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Anna Kurianovich
Anna Kurianovich
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+44 17 4822 0039
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