Low budget hotel with a long-term lease agreement near the airport of Munich.
Description
The hotel includes 145 rooms.
Agreement type: Forward Deal.
The expected annual income is 696,000 €.
The expected yield is 5%.
The lease agreement is valid for 20 years with options to extend for 2x5 years.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3,5%.
The brokerage fee is 3% + 19% VAT (in total 3.57%).
The property is located near the airport of Munich.
Modern Munich is a large industrial and research center, as well as the IT capital of Germany.
The international airport of Munich — the 2nd in Germany by the number of passengers served. The capacity of the airport with 2 active runways is 50 million passengers per year.
Munich's railway station is the 2nd (after Hamburg's main station) in Germany by passenger traffic, serving 350,000 passengers a day.
Munich attracts tourists due to the large number of architectural and cultural monuments, and it is also the city of museums, many of which were created over the centuries.
Real estate in Munich is the most expensive in Germany. The average monthly income per capita of Munich is 1,600 euros.
