The 4-star hotel in the heart of Baden-Baden.
Description
The 5-storey building with area of about 5,900 m² consists of about 50 rooms.
Each room has a bathroom.
Some rooms have balconies, mini-bar, cable TV, phone.
There is an elevator, a restaurant and a bar on the terrace.
The annual income is 300,000 €.
The current yield is 2.73%.
The property is fully let. The term of the lease is 2 years. After the purchase a new long-term tenancy contract can be concluded.
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.
