Apartment hotel with a cafe on the ground floor.
Description
The hotel includes 18 apartments. All apartments are fully furnished, with fireplace, video intercom, floor heating, terrace or balcony.
At the moment the monthly occupancy rate of the property is 80%.
The building is managed by an experienced operator and the management includes numerous services for tenants.
The absolute annual income is 274,680 €.
The current yield is 5,2%.
The lease agreement is valid for 15 years (until April 2034) with the extension options of 2x5 years.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 3,5%.
Brokerage fee is 6% + VAT 19% (total 7,14%).
The property is located in Leipzig, in one of the central areas. There are numerous shops as well as tram and bus stops located nearby.
The main railway station can be reached in about 10 minutes. The city center is about 1.5 km away.
The population of Leipzig is 570,000 people. Over the past 5 years about 50,000 young people from 25 to 34 years old have migrated to Leipzig. The number of jobs increased by 11.5% and the number of workers increased by 19.5%.
The city has the Intercontinental Leipzig/ Halle Airport. It is considered the second largest cargo hub in Germany.
