Hotel in Essen, Germany

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Hotel in Essen, Germany

4,760,000 €
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Total area: 2,050 m² Yield: 6.8% Built in 1958
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Features
  • Operating Incomе: 323,680 €
  • Land area: 1,150 m²
  • Number of parking lots: 25
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.5%
  • Broker: 4.8%
  • Total rooms: 60

Hotel for self-management in the center of Essen.

Description

The hotel room capacity: 60 rooms

There is a parking for 25 cars on the plot.

There is an elevator in the building.

The hotel was built in 1958. 

The major repairs will be completed by mid-2018.

Financial performance

Absolute annual income is 323,680 €.

The current yield of 6.8%.

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 city center, in 500 meters from the central railway station.

Statistics in Essen

Price per m², €
2,367
Healthcare efficiency level
83
Index 83 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.

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 81.0
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 87.5
Medical equipment 100.0
Research accuracy and completeness 87.5
Attitude towards patients 62.5
Security index
Crime rate 50.0
The risk of being robbed 35.42
The risk of car theft 37.5
The risk of break-in and property damage 56.25

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

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Olga Starintseva
Olga Starintseva
Investment Consultant at Tranio
+44 17 4822 0039
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    • Bank financing from 1.5% annually
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