A 4-star hotel.
Description
The hotel room capacity: 107 rooms.
The property includes a bar, a lounge area and a sauna.
The building was built in 1954 and renovated in 2013.
Financial performance
Absolute annual income is 730,000 €.
The current yield of 5.9%.
Tenants
The tenant is a large hotel chain.
The lease agreement is valid through 2027 and includes extension options.
Transaction costs
Notary (state registration) is 1.5–2%.
Acquisition tax is 4.5%.
The broker's fee of 4%.
Location and nearby infrastructure
The hotel is located in the center of Hamburg, just in a several-minute walk from Hamburg Central Station. Metro stations, public transport stops, shopping centers and the market are located in a walking distance from the hotel. The German Drama Theater, the Art Museum and the bus station.
