Three-star hotel in the downtown of Karlsruhe.
A six-storied building of the hotel is executed in a historical architectural style.
The object was built in 1890, reconstruction were carried out in 2000 and 2008.
Total area is 1,000 m ².
Land plot of 557 m ².
Hotel room capacity: 38 rooms.
- two dining zones
- reading room
- passenger elevator
- fitness zone
Absolute annual income is 215,000 €.
The current yield of 5,1%.
THe tenant is a large hotel chain with more than 50 hotels in Germany.
The lease agreement is valid for 10 years.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 5,0%.
Brokerage fee is 5% + VAT 19% (total 5,95%).
The property is located in the center of Karlsruhe — the second-large in size city of the State of Baden-Wurttemberg.
A shopping center, a market, a state theater, stops of the city electric train are in close proximity to the hotel. The distance to the main station of Karlsruhe is 3 kilometers.
Numerous architectural complexes of various eras belong to city sights, besides the main palace and the museums.