Hotel in Essen, Germany

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Hotel in Essen, Germany

4,760,000 €
2,321 € /m²
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  • Total area
    2,050 m²
  • Yield
    6.8 %
  • Rental rate (m²/month)
    13 €
  • Built in 
    1958
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Details
Property parameters
  • Land area: 1,150 m²
  • Total rooms: 60
  • Number of parking lots: 25
Financial performance
  • Annual income: 323,680 €
Transaction costs
  • Notary (state registration): 2.0 %
  • Acquisition tax: 6.5 %
  • Broker: 4.8 %

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.

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    Location right down to the building, street or city

Statistics in Essen

Price per m², €
2,367
Healthcare efficiency level
85
Index 85 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.

Safely rate
59
Index 59 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

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 78.5
Taxi, 1 km 2.0
Petrol, 1 l 1.42
Food Price, €
Water, 1.5 l 0.24
Milk, 1 l 0.66
White bread, 500 g 1.04
Eggs, a dozen 1.66
Chicken fillet, 1 kg 6.83
Education Price, €
Kindergarten, per month 310.0
International school, per year 14,066.67
Health care index
Staff competence 89.29
Medical equipment 100.0
Research accuracy and completeness 87.5
Attitude towards patients 67.86
Security index
Crime rate 43.75
The risk of being robbed 31.25
The risk of car theft 35.94
The risk of break-in and property damage 53.13

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

More properties

If this property wasn’t for you, take a look at other hotels for sale in Germany.

You can see more hotels for sale in Essen elsewhere on our website.

Repurposing a building into a residence hall with a forward sale in Cologne
  • €2.6M investment amount
  • 10 % yield
  • 2 years project term
Application deadline: January 30

The best development offer

Repurposing a building into a residence hall with a forward sale in Cologne

Application deadline: January 30

  • investment amount €2.6M
  • yield 10 %
  • project term 2 years

Buying and repurposing a building into a student residence with a subsequent sale. Several investors with different shares can participate. Buyers are already interested (Forward Deal).

An apartment hotel with a restaurant, a 11–12 -storey concrete building with a terrace and balconies. Total area — 4,984 m², number of units — 270.

The property is located near the centre of Cologne, 1 km away from the Agnes district. There is a traffic interchange not far from the building, the closest public transport stop is 400 m away. There are 20 different educational institutions within a 3–5 km radius. All the necessary infrastructure facilities are located within walking distance.

The expected rental flow after commissioning — €1M per annum.

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    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

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    Enquire about this hotel
    Sofia Bulanova
    Sofia Bulanova
    Investment consultant in Essen
    +44 17 4822 0039
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      • Bank financing from 1.5% annually
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