Hotel, Munich, Germany

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Hotel, Munich, Germany

21,800,000 €
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Total area: 2,800 m² Yield: 4.1% Built in 1973
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Features
  • Operating Incomе: 900,000 €
  • Land area: 700 m²
  • 6-floor building
  • Occupancy: 100%
  • Number of parking lots: 24
  • Most recent total renovation: 2017
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.8%
  • Total rooms: 90
  • Hotel rating: 3
  • Garden

A three-star hotel in the center of Munich.

Description

The hotel room capacity: 90 rooms.

There is an underground parking for 24 cars in the territory of the property.

The hotel includes a restaurant and a bar.

The building was built in 1973 and renovated in 2017.

Financial performance

Absolute annual income is 900,000 €.

The current yield of 4.1%. 

Tenants

The hotel and the restaurant are rented.

Lease agreements are concluded for 20 years, include extension options and provide the indexation of the rent.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3.5%.

The brokerage fee is 4.76%.

Location and nearby infrastructure

The property is located in the heart of Munich. The metro station is situated in a 2-minute walk, the Marienplatz square is just 2 stops away, and the Allianz Arena stadium is located in a 20-minute metro ride.

The district is called Ludwigsvorstadt-Isarforstadt, it adjoins the central Altstadt district, covering its southern borders. The Central railway and bus stations are situated in this area.

The Ludwigsvorstadt-Isarforthardt district is one of the most densely populated areas of Munich.

Statistics in Munich

Price per m², €
10,068
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.

Real estate Price, €
Apartment in the city centre, m² 10,068.18
Apartment in a bedroom community, m² 6,995.24
Transport Price, €
Public transport, 1 ride 2.9
Monthly travel card 66.5
Taxi, 1 km 1.9
Petrol, 1 l 1.42
Food Price, €
Water, 1.5 l 0.48
Milk, 1 l 0.84
White bread, 500 g 1.39
Eggs, a dozen 2.07
Chicken fillet, 1 kg 7.94
Education Price, €
Kindergarten, per month 636.82
International school, per year 15,650.0
Health care index
Staff competence 79.58
Medical equipment 92.75
Research accuracy and completeness 81.54
Attitude towards patients 76.06
Security index
Crime rate 10.86
The risk of being robbed 11.87
The risk of car theft 14.41
The risk of break-in and property damage 21.94

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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