Hotel, Hamburg, Germany

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Hotel, Hamburg, Germany

70,000,000 €
6,919 € /m²
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  • Total area
    10,116 m²
  • Yield
    5.0%
Details
Property parameters
  • Total rooms: 385
  • Number of parking lots: 285
  • Hotel rating: 4
Financial performance
  • Annual income: 3,500,000 €
Tenants
  • Fully let
  • End of lease: 2042
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 4.5%
  • Broker: 4.0% + VAT
Features
  • Internet
  • TV
  • Furnished
  • Swimming pool
  • Car parks

Four-star hotel.

Description

The hotel consists of 2 buildings: one with standard rooms, and the other with suites.

The hotel room capacity: 385 suites.

The hotel includes a wellness centre, a fitness studio, a beauty salon, a massage parlor and a swimming pool with panoramic views.

The price includes parking for 285 cars. There is a municipal parking for 60 cars nearby.

The hotel is currently undergoing renovation works.

Financial performance

Absolute annual income is 3,500,000 euro.

The current yield of5 %.

Tenants

The tenant is the hotel operator.

The lease agreement is valid until 2042 and includes an extension option for 5 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 4,5%.

The broker's fee of 4%.

Location and nearby infrastructure

The hotel is located on a street with high pedestrian traffic. There are public transport and metro stations in a 5-minute walk from the building. There are shopping centers within walking distance from the hotel.

The distance to the airport — 15 kilometers.

More properties

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

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
5.0%
8—10%
Investment budget
70,000,000 €
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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