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.
Absolute annual income is 900,000 €.
The current yield of 4.1%.
The hotel and the restaurant are rented.
Lease agreements are concluded for 20 years, include extension options and provide the indexation of the rent.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
The broker's fee of 4%.
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.
