Hotel with a long-term lease agreement.
Description
The hotel has 44 rooms.
Financial performance
The absolute annual income is 276,000 €.
The current yield is 3,8%.
The expected annual income is 331,200 €.
The expected yield is 4,6%.
Tenants
The lease agreement is valid for 20 years with prolongation options of 2x5 years.
Transaction costs
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 5%.
Brokerage fee is 6% + VAT 19% (total 7,14%).
Location
The property is located in northern Germany, near the central station of the city, and also has good transport connections to the airport, highway and city center.
