It is a hotel investment in the center of West Berlin.
Description
A six-story hotel area of 3,240 m² was constructed in 1984.
The plot of 1,000 m².
The hotel accommodates 68 apartments, 6 suites and 3 conference rooms.
The property is in good overall condition, major renovation took place in 2001.
Financial performance
Absolute income is 600,000 €.
The current yield of 6,1%.
Transaction costs
Notary fee of 1,5%.
RE purchase tax of 6%.
The broker's fee of 5,95%.
