Hotel, Hamburg, Germany

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Hotel, Hamburg, Germany

25,750,000 €
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Total area: 5,557 m² Yield: 3.7% Built in 1891
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Features
  • Operating Incomе: 958,285 €
  • Land area: 1,710 m²
  • Notary (state registration): 1.5%
  • Acquisition tax: 4.5%
  • Broker: 3.6%

Hotel with three apartments and a commercial unit.

Description

The hotel and bakery area is 4,561 m².

The area of apartments is 227 m².

There is a permission to built out the attic floor of 769 m².

The building exterior part and the roof are under architecture protektion as an historical building. 

The building is on sale tenanted or not tenanted. 

Financial performance

Absolute annual income is 958,285 €.

The current yield of 3,7%.

Financial performance on the condition that all hotel rooms will be built and renovated:

Projected annual income is 1,800,000 €.

Projected yield of 7,0%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 4.5%.

Brokerage fee is 3.57%.

Location

The building is located in the center of Hamburg not far from the Hamburg Messe.

Hamburg is one of the largest port cities in Europe. It is the second largest city in Germany after Berlin and the seventh largest cities in the Europe Union. 

Statistics in Hamburg

Price per m², €
5,750
Healthcare efficiency level
79
Index 79 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
52
Index 52 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 5,750.0
Apartment in a bedroom community, m² 3,427.27
Transport Price, €
Public transport, 1 ride 3.2
Monthly travel card 80.0
Taxi, 1 km 2.0
Petrol, 1 l 1.43
Food Price, €
Water, 1.5 l 0.4
Milk, 1 l 0.76
White bread, 500 g 1.36
Eggs, a dozen 2.09
Chicken fillet, 1 kg 8.02
Education Price, €
Kindergarten, per month 223.75
International school, per year 16,000.0
Health care index
Staff competence 84.72
Medical equipment 94.29
Research accuracy and completeness 81.25
Attitude towards patients 72.14
Security index
Crime rate 50.72
The risk of being robbed 47.87
The risk of car theft 47.84
The risk of break-in and property damage 58.21

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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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 17 4822 0039
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