A new apartment hotel in Hannover.
Description
The construction permit was received, construction will be completed in mid-2020.
The apartment hotel includes 49 rooms.
Share Deal is possible.
The absolute annual income is 265,000 €.
The current yield is 4,9%.
The tenant is a large German hotel group. The lease agreement is valid for 15 years.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 5%.
The brokerage fee is 5% + 19% VAT (in total 5,95%).
The hotel is located near the historic center of Hanover, one of Germany’s largest cities. With a population of more than 500 thousand people, it is on the 13th place in the country.
Hanover Airport and the trade fair can be reached in around 20 minutes by car.
Hanover is one of the leading exhibition cities in the world. It hosts more than 60 international and national exhibitions every year. The most popular ones are the CeBIT, the Hanover Fair, the Domotex, the Ligna, the IAA Nutzfahrzeuge, and the Agritechnica. Hanover also hosts a huge number of congresses and symposiums like the International Symposium on Society and Resource Management.
The annual Schützenfest Hannover marksmen's festival and the Maschsee festival gather 2 million participants.
Hannover International Airport (9th largest in Germany) annually welcomes more than 5 million passengers.
Tourism is growing in Hannover. The number of overnight stays climbed in 2017 to more than 4 million in the city and the Region (9% more than in 2013).
Attractions:
- Royal Gardens of Herrenhausen
- Berggarten
- New Town Hall (Neues Rathaus)
- Hanover Zoo
- Old city
- Expo Park
- State Museum of Lower Saxony
The cost of living index: 66.24.
Hannover Region purchasing power index: 103.4.
