Three-star hotel with commercial units.
The hotel occupies six floors and includes:
- 110 rooms
- commercial units with a total area of 1,000 m²
- conference hall
- wellness area with sauna
- breakfast room
- 46 underground parking spaces
All rooms have a private bathroom, a completely fitted kitchen and are fully furnished.
The hotel building is in excellent condition, the facade was renovated in 2013.
Deal type: Asset Deal, Share Deal.
Absolute annual income is 547,524 €.
The current yield of 5%.
The cost of the property through Share Deal is 9,600,000 € (yield of 5.8%).
The tenant is a large hotel chain with more than 150 hotels in 5 European countries. The annual turnover of the company is more than 120 million euros.
The lease agreement is valid through May 2034 and includes extension options.
Notary (state registration) is 1.5–2%.
Acquisition tax is 3.5%.
Brokerage fee is 5% + 19% VAT (in total 5.95%).
Location and nearby infrastructure
The hotel is located in the south-east of Leipzig, near a shopping center and a train station. The famous Town Hall, the City Gallery and the Gallery of Modern Art are located in a walking distance from the hotel.
The city centre is in 5 kilometres away (10 minutes by car or 20 minutes by public transport), the entertainment park Belantis is in 10 kilometers away, the Cospudener lake is in 5 kilometers away.
The distance to the Leipzig-Halle Airport is 14 km.
Leipzig is the fastest growing city in the region of Central Germany with a population of more than 560 thousand people.
There is a trade fair in the city well-known not only in Germany but in all the world.
Leipzig occupies an important position in the development of the business industry, thus being one of the top priorities in the real estate investment market.
There are offices of such corporations as Amazon, BMW, Porsche and DHL.
- Purchasing power index is 86.85
- Centrality is 1.1
- The turnover rate is 96.40