New hotel in the airport area, Hamburg, Germany

Additional information is provided after the signing of an NDA

New hotel in the airport area, Hamburg, Germany

13,150,000 €
5,479 € /m²
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  • Total area
    2,400 m²
  • Yield
    4.75 %
  • Rental rate (m²/month)
    21 €
  • Completion in
    2022.III
Details
Property parameters
  • Total rooms: 85
  • Hotel rating: 3
Financial performance
  • Annual income: 624,960 €
Tenants
  • Fully let
  • End of lease: 2040
Transaction costs
  • Notary (state registration): 1.0 %
  • Acquisition tax: 4.5 %
  • Broker: 3.57 %
Features
  • Car parks

A new hotel with a large hotel chain as the tenant and a long-term lease agreement.

Description

The number of rooms is 85.

Facilities:

  • parking (653 m²)

Type of transaction: Forward Deal, Asset/Share Deal.

Commisioning is planned for July 2022.

Financial performance

The annual rental income: 624,960 €.

The yield is 4.8%.

Tenants

The hotel is operated by an international hotel chain with 80 hotels in Germany and Austria. The hotels are annually visited by 900,000 guests. It is planned to operate more than 100 hotels by 2022.

The lease agreement is signed with the operator for 20 years.

The tenant has 2 extension options for 5 more years.

Type of agreement: Double-Net Lease.

The tenant is responsible for both property taxes and premiums for insuring the building including security system, maintenance of building (apart from full renovation and bearing structures).

Transaction costs

The notary fee: 1%.

The acquisition tax: 4.5%.

The brokerage fee: 3% + 19% VAT (total 3.57%).

Location

The property is situated in Hamburg, a city of federal significance, near the airport. The distance to the city center is 12 km (a 20-min car drive or train ride).

Hamburg is the 2nd largest city in Germany (after Berlin) with the population of more than 1.8 million people. Hamburg is also the 7th largest and most populated non-capital city in the European Union. It is ranked 18th in the world for livability in 2016.

The city is home to famous leading companies such as EADS (aerospace), Airbus (civil aviation), Beiersdorf (beauty products).

Workers in Hamburg have the highest income of all federal states in Germany, averaging a median of 3,718 € a month.

Hamburg is among the leading networking locations. Congress Center Hamburg and Hamburg Exhibition Center attract 1 million visitors every year for various events and trade fairs.

Hamburg boasts an extensive tranport system. The Port of Hamburg is the largest sea port in Germany, 2nd in Europe and 9th largest in the world.

Hamburg airport serves about 17 million passengers per year (7th largest in Germany).

Hamburg is a global touristic destination. There are more than 40 theaters, 60 museums and 100 entertainment venues including famous night clubs and bars.

The city hotels have a high occupancy rate. In 2018 7.8 million tourists stayed for at least 1 night in hotels of Hamburg.

  • Property on the map
    Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other hotels for sale in Germany.

You can see more hotels for sale in Hamburg elsewhere on our website.

Statistics in Hamburg

Price per m², €
5,769
Healthcare efficiency level
78
Index 78 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
52
Index 52 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 5,769.23
Apartment in a bedroom community, m² 3,443.33
Transport Price, €
Public transport, 1 ride 3.2
Monthly travel card 82.0
Taxi, 1 km 2.0
Petrol, 1 l 1.44
Food Price, €
Water, 1.5 l 0.43
Milk, 1 l 0.82
White bread, 500 g 1.37
Eggs, a dozen 2.16
Chicken fillet, 1 kg 7.91
Education Price, €
Kindergarten, per month 238.33
International school, per year 13,837.5
Health care index
Staff competence 82.69
Medical equipment 92.76
Research accuracy and completeness 80.13
Attitude towards patients 70.39
Security index
Crime rate 50.17
The risk of being robbed 48.33
The risk of car theft 47.47
The risk of break-in and property damage 59.08

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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