A hotel in Mainz.
Description
A modern 6-storey building (one underground floor).
The property includes:
- 180 hotel rooms
- 99 apartments (with service)
- 36 parking places
The absolute annual income is 1,953,720 €.
The current yield is 4,7%.
The lease agreement is valid for 20 years + 2 x 5 year extension options.
The guarantee from the tenant is 6 monthly rents, the guarantee from the parent company of the tenant is up to 4 monthly rents.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 5,0%.
Brokerage fee is 3% + VAT 19% (total 3,57%).
The property is located in Mainz, the capital and largest city of the Rhineland-Palatinate. The population of Mainz is over 213,000 people. Mainz is a part of the metropolitan region of Frankfurt am Rhein.
The city is the center of winemaking. It hosts the Mainzer Weinmarkt — one of the largest wine exhibitions in Germany.
Businesses based in Mainz: Schott AG (the world's largest glass industry), Werner & Mertz (a large chemical plant), IBM, QUINN Plastics/ Novo Nordisk.
Mainz is also one of the media centers in Germany. It was here that Johannes Gutenberg invented typography.
The headquarters of the 2nd channel of the German federal television ZDF is located in Mainz.
The city since the 19th century hosts the festival of Mainser Fassenacht (Fastnacht) and the catalytic festival Katalikentag. The Rosenmontag carnival is very popular when the main parade of more than 500,000 people takes place on the streets of Mainz.
The hotel is located 500 meters away from the main station of the city.
