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.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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