Hotel, Munich, Germany

Additional information is provided after the signing of an NDA

Hotel, Munich, Germany

21,700,000 €
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Total area: 4,895 m² Yield: 5.0% Built in 1983
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Features
  • Operating Incomе: 1,086,155 €
  • Land area: 4,330 m²
  • 6-floor building
  • Occupancy: 100%
  • Most recent total renovation: 2009
  • End of lease: 2029
  • Notary (state registration): 1.5%
  • Broker: 4.8%
  • Total rooms: 147
  • Hotel rating: 4
  • Car parks

A four-star hotel.

Description

The hotel room capacity: 147 rooms.

The building was built in 1983. In 2009, the property was rebuilt for a hotel.

There is an underground garage for 49 cars and an outdoor parking in the territory of the property.

Type of transaction: Share Deal.

Financial performance

Absolute annual income is 1,086,155 €.

The current yield of 5%.

Tenants

The tenant is a hotel chain with 30 hotels in 3 European countries.

The lease agreement is valid before 01.10.2029. It can be extended under certain conditions.

The agreement stipulates a rental payment indexation.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Brokerage fee is 4.76%.

Location

The hotel is located in the southern part of the city. There is an underground station, a taxi rank and a supermarket in a walking distance from the property.

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