Three-star hotel with a long-term lease agreement.
Description
Construction of the hotel will be completed at the end of 2020.
The hotel will have 127 beds.
The absolute annual income is 457,200 €.
The current yield is 2,5%.
The expected annual income is 794,000 €.
The expected yield is 4,3%.
The lease agreement is concluded with a well-known operator for 20 years, with the option to extend for 2x5 years.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 6,5%.
Brokerage fee is 6% + VAT 19% (total 7,14%).
The property is located in the federal state of North Rhine-Westphalia.
The capital of the federal state is Dusseldorf. The largest city by population is Cologne. The population is 17.6 million people (the most populated state in Germany). It takes the 4th place in Germany by the area size. 29 of the 80 major German cities are located in the urbanized territory of NRW.
