Hotel, Hamburg, Germany

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Hotel, Hamburg, Germany

12,400,000 €
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Yield: 5.9% Built in 1954
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Features
  • Operating Incomе: 730,000 €
  • Occupancy: 100%
  • Most recent total renovation: 2013
  • End of lease: 2027
  • Notary (state registration): 2.0%
  • Acquisition tax: 4.5%
  • Broker: 4.8%
  • Total rooms: 107
  • Hotel rating: 4
  • Internet
  • TV
  • Furnished

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 brokerage fee is 4.76%.

Location and nearby objects

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.

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Enquire about this hotel
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services