Hotel with a long-term lease agreement.
The hotel includes:
- 54 rooms
- 1 apartment
- underground parking for 40 cars
- 2 conference rooms
- sauna and fitness room
The absolute annual income is 270,000 €
The current yield is 5.5%.
The tenant is a top-rated hotel operator with more than 50 hotels in Germany and Austria.
Lease agreement for 20 years, extension options for 2х5 years.
Double Net lease: the owner takes on the tax payment, insurance, and capital repairs if necessary. Other details of the contract are negotiable between the owner and the tenant on an individual basis.
The notary fee is 1.5 – 2%.
Tax on the purchase of real estate 3.5%.
Brokerage fee is 4% + 19% VAT (total 4.76%).
The property is located in the suburbs of Augsburg.
Augsburg is a home to about 300 thousand people. It is the third densely populated city of Bavaria. It is a large scientific and industrial center, the center of informatics and communications. Such companies as Siemens, Messerschmitt, MAN, OSRAM, as well as world leaders in the field of high technologies — EADS, and KUKA have the plants here.
Today Augsburg is also one of the most environmentally friendly and green cities in Western Europe — it is located on the border with the national park and it has got the European award — ”The most lively and green city in Europe“.
Augsburg has 15 museums and art galleries, thousands of beautiful buildings, churches, theaters, etc. Every year more than 2 million tourists visit the city.
The hotel is situated in a 2-minute drive from the motorway. There is a tennis club, a bakery, an ATM, cafes, and shops nearby.
The distance to the airport is 15 km, and to the center of Augsburg — 12 km.