Hotel, Karlsruhe, Germany

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Hotel, Karlsruhe, Germany

4,200,000 €
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Total area: 1,000 m² Yield: 5.1% Built in 1890
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Features
  • Operating Incomе: 215,000 €
  • Land area: 557 m²
  • 6-floor building
  • Occupancy: 100%
  • Most recent total renovation: 2008
  • End of lease: 2028
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 5.0%
  • Total rooms: 38
  • Hotel rating: 3

Three-star hotel in the downtown of Karlsruhe.

Description

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.

Equipment

  • two dining zones
  • reading room
  • passenger elevator
  • sauna
  • fitness zone

Financial performance

Absolute annual income is 215,000 €.

The current yield of 5,1%.

Tenants

THe tenant is a large hotel chain with more than 50 hotels in Germany.

The lease agreement is valid for 10 years.

Transaction costs

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 5,0%.

Brokerage fee is 5% + VAT 19% (total 5,95%).

Location

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.

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If this property wasn’t for you, take a look at other hotels for sale in Germany.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services