Hotel rooms package in Bavaria, Germany

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Hotel rooms package in Bavaria, Germany

555,000 €
4,586 € /m²
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  • Total area
    121 m²
  • Yield
    3.9%
Details
Property parameters
  • Total premises: 5
  • Hotel rating: 4
  • 4-floor building
Financial performance
  • Annual income: 21,471 €
Tenants
  • No tenants
  • End of lease: 2036
Property status
  • Most recent total renovation: 2016
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 3.5%

5 rooms with guaranteed profitability in a four-star hotel.

Description

The area of a room is 24.31 m².

The hotel room capacity: 126 rooms (252 couchettes).

The hotel includes 7 conference halls, a restaurant, a bar, a lounge and a wellness with a sauna.

The building was completely renovated in 2016.

Financial performance

Absolute annual income is 21,471 €.

The current yield of 3.9%.

Tenants

The tenant is the hotel chain.

The lease agreement is valid through 2036 and includes extension options for 2x5 years.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 3.5%.

The cost of ownership

Deposit for safekeeping — 729.3 €.

Contribution to management — 1,800 €.

Location

Erlangen is an industrial city of Bavaria with a high purchasing power of the population. The multifunctional center Siemens and the University of Nuremberg-Erlangen are situated not far from the hotel. The central office of Puma Adidas and Nuremberg Airport are located in a few minutes drive from the building.

More properties

If this ad doesn't suit you, have a look at the other hotel rooms for sale in Erlangen.

All ads in the country: hotel rooms for sale in Germany.

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