Description
The renovated historic building includes:
- hotel with 25 rooms, a courtyard and a restaurant;
- shops and offices;
- 3 apartments.
There is an elevator.
The current annual income is 502,974 €.
The current yield is 4.19%.
The expected annual income is 538,953 €.
The expected yield is 4.49%.
The hotel can be sold without operator, or the current owner can become a tenant.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 5% + VAT 19% (total 5.95%).
The property is located in the heart of Baden-Baden.
Baden-Baden is a resort town in southwestern Germany in the federal state of Baden-Wurtenburg with a population of about 54 thousand people. It is located on the banks of the Os River in the western northern Black Forest, not far from the border with France.
Baden-Baden is known for its thermal and mineral springs. In addition to clinics and sanatoriums, the city has thermal complexes (the most famous ”Terme Caracalla“ and ”Friedrichsbad“), drinking galleries and swimming pools. Thermal complexes are used in various treatment methods.
Extremely mild climate, elegant city center, an abundance of gardens and parks, hot thermal springs, modern thermal complexes and comfortable hotels are the components of the success of Baden-Baden.
Lovers of cultural activities will be interested in visiting the theater, philharmony, exhibition hall, and the Palace of Festivals.
Karlsruhe/ Baden Airport is 10 km from the city.
The city has a railway connection with Mannheim, Basel, Munich, Stuttgart, Paris.
