Hotel under construction in the center of Hamburg.
The area of the property is 5,856 m².
The hotel building is built in the style of clinker architecture.
The construction will be finished in summer 2020.
The absolute annual income is 1,212,444 €.
The current yield of 4.4%.
The property is fully leased.
The WALT is 17.6 years.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 4,5%.
The brokerage fee is 5% + 19% VAT (in total 5.95%).
The property is located in the central part of the city.
Hamburg is the largest port of Germany and the center of mechanical engineering.
There are located the headquarters of many large companies in the city.
There is the railway station nearby, which provides good transport links.