New apart hotel, Hamburg, Germany

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New apart hotel, Hamburg, Germany

21,800,000 €
3,963 € /m²
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  • Total area
    5,500 m²
  • Yield
  • Rental rate (m²/month)
    23 €
Property parameters
  • Leasable area: 4,450 m²
  • Land area: 1,100 m²
  • Total rooms: 210
  • Number of parking lots: 20
Financial performance
  • Annual income: 1,205,010 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 4.5%
  • Broker: 5.0% + VAT

The building permit is expected in the 4th quarter of 2024.

Completion — 3rd quarter of 2026.

  • Parking

Financial performance

The price shall comprise the following elements: plot price of 5,300,000 euro + construction costs of 16,500,000 euro.

Profit on Cost — 22%.

Location and nearby infrastructure

The property is located in a sought-after area of Hamburg.

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.

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

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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