Hotel under construction in Hamburg, Germany

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Hotel under construction in Hamburg, Germany

60,057,000 €
3,753 € /m²
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  • Total area
    16,000 m²
  • Yield
    4.3%
  • Completion in
    2023.II
Details
Property parameters
  • Land area: 6,000 m²
  • Total rooms: 250
  • Hotel rating: 4
Financial performance
  • Annual income: 2,611,000 €
Tenants
  • Fully let
  • End of lease: 2043
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 4.5%
  • Broker: 3.0% + VAT

Hotel under construction in Hamburg.

Description

Project with a building permit for a four-star business hotel with 250+ rooms.

The total area of the conference rooms is about 1,000 m².

Start of construction: October 2020.

Completion: May 2023.

Deal structure: Asset deal.

Financial performance

The annual income is 2,611,000 €.

The yield is 4.3%.

Tenants

The property is fully let. The tenant is a hotel chain with 40 properties under management.

The lease agreement is valid for 20 years with extension options of 2x5 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 4.5%.

Brokerage fee is 3% + VAT 19% (total 3.57%).

Location and nearby infrastructure

The hotel is located in Hamburg. The district has a high concentration of high-tech companies, combined with development potential and a convenient transportation system. The distance to Airport is 25 km, to the central railway station — 15 km.

Hamburg is one of the most economically powerful metropolises in Germany and Europe — about 5.3 million people live and work in Hamburg.

Hamburg ranks second in Germany for the number of headquarters companies, nine of which are members of DAX. The Hamburg port, founded in 1189, is one of the largest ports in the world, and the presence of an airport (HAM) makes Hamburg one of the most important logistics centers in Europe.

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
4.3%
8—10%
Investment budget
60,057,000 €
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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