Three-star hotel in the city center.
Description
Key count: 60 rooms.
Restaurant and retail of 540 m² on the ground floor.
The hotel was renovated in 2018.
Deal structure: Asset Deal/ Share Deal.
Equipment
- parking
- restaurant
- elevator
- soundproof windows
The annual income is 500,000 €.
The current yield of 5.9%.
The tenant is a top-rated hotel operator with more than 50 hotels in Germany and Austria.
The lease agreement is valid for 20 years and contains extension options 2x5 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 lease agreement for retail spaces is valid for 10 years + extension options 2х5 years.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
The brokerage fee is 4% + 19% VAT (in total 4.76%).
Distance to Munich is 60 km.
Situated in the pedestrian area of the historic center of the town, in a 5-minutes walk from the railway station. The best hotel in the area — no competiton.
The town is located in a well-known touristic region of Bavaria. Several large international companies are head-quartered in this town as well. Employees and partners of these corporations are coming here from all over the world.
Therefore, the hotel enjoys popularity of town visitors.
