Hotel, Munich, Germany

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Hotel, Munich, Germany

21,800,000 €
7,785 € /m²
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  • Total area
    2,800 m²
  • Yield
    4.1 %
  • Rental rate (m²/month)
    26 €
  • Built in 
    1973
Details
Property parameters
  • Land area: 700 m²
  • Total rooms: 90
  • Number of parking lots: 24
  • Hotel rating: 3
  • 6-floor building
Financial performance
  • Annual income: 900,000 €
Tenants
  • Fully let
Property status
  • Most recent total renovation: 2017
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 3.5 %
  • Broker: 4.8 %
Features
  • 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.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

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 Munich elsewhere on our website.

Statistics in Munich

Price per m², €
10,093
Healthcare efficiency level
78
Index 78 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
84
Index 84 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 10,092.59
Apartment in a bedroom community, m² 7,096.3
Transport Price, €
Public transport, 1 ride 2.9
Monthly travel card 66.6
Taxi, 1 km 1.9
Petrol, 1 l 1.45
Food Price, €
Water, 1.5 l 0.56
Milk, 1 l 0.9
White bread, 500 g 1.44
Eggs, a dozen 2.27
Chicken fillet, 1 kg 7.95
Education Price, €
Kindergarten, per month 622.4
International school, per year 14,350.0
Health care index
Staff competence 78.75
Medical equipment 91.67
Research accuracy and completeness 80.82
Attitude towards patients 74.69
Security index
Crime rate 10.77
The risk of being robbed 11.56
The risk of car theft 14.03
The risk of break-in and property damage 21.88

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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