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%
  • 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: 4.0% + VAT
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 broker's fee of 4%.

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

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a hotel purchase with a construction loan

Investment vehicle
Hotel
Construction loan
Yield per annum
4.1%
8—10%
Investment budget
21,800,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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