Hotel, Hamburg, Germany

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Hotel, Hamburg, Germany

12,400,000 €
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  • Yield
    5.9%
  • Built in 
    1954
Details
Property parameters
  • Total rooms: 107
  • Hotel rating: 4
Financial performance
  • Annual income: 730,000 €
Tenants
  • Fully let
  • End of lease: 2027
Property status
  • Most recent total renovation: 2013
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 4.5%
  • Broker: 4.0% + VAT
Features
  • Internet
  • TV
  • Furnished

A 4-star hotel.

Description

The hotel room capacity: 107 rooms.

The property includes a bar, a lounge area and a sauna.

The building was built in 1954 and renovated in 2013.

Financial performance

Absolute annual income is 730,000 €.

The current yield of 5.9%.

Tenants

The tenant is a large hotel chain.

The lease agreement is valid through 2027 and includes extension options.

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 in the center of Hamburg, just in a several-minute walk from Hamburg Central Station. Metro stations, public transport stops, shopping centers and the market are located in a walking distance from the hotel. The German Drama Theater, the Art Museum and the bus station.

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.

Find out more
  • 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
5.9%
8—10%
Investment budget
12,400,000 €
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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