Hotel, Baden-Wurttemberg, Germany

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Hotel, Baden-Wurttemberg, Germany

7,500,000 €
1,765 € /m²
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  • Total area
    4,248 m²
  • Yield
    7.9%
  • Built in 
    1963
Details
Property parameters
  • Land area: 3,555 m²
  • Total rooms: 114
  • Number of parking lots: 68
  • Hotel rating: 4
Financial performance
  • Annual income: 593,265 €
Tenants
  • Fully let
  • End of lease: 2025
Property status
  • Most recent total renovation: 2008
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.5%
  • Broker: 4.0% + VAT
Features
  • Garden

A four-star hotel.

Description

Total area of the building is 4,248 m²

The hotel room capacity: 114 rooms.

The building was built in 1963. In 2008, the property was renovated.

The purchase price of the property includes a parking for 68 cars.

The hotel includes 7 conference rooms, a bar, a restaurant, a spa, a gym and a garden.

The hotel can be delivered without tenant. In this case, the purchase price is 6,000,000 €.

Financial performance

Absolute annual income is 593,265 €.

The current yield of 7.9%.

Tenants

The tenant is a hotel operator.

The lease agreement is valid until 31.12.2025 and includes extension options for 2x5 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

The broker's fee of 4%.

Location

The hotel is located in the federal state of Baden-Württemberg in the suburbs of two major cities: Mannheim and Heidelberg. The distance to the centers of both cities is not more than 20 km.

The population of the town is more than 5 thousand people.

There is an entrance to the motorway in a close vicinity of the property.

More properties

If this ad doesn't suit you, have a look at the other hotels for sale in Baden-Württemberg.

All ads in the country: hotels for sale in Germany.

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.

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  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice
Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a hotel purchase with a construction loan

Investment vehicle
Hotel
Construction loan
Yield per annum
7.9%
8—10%
Investment budget
7,500,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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