- 27,285,000 €
- 4.7% yield
- Hannover Hotel 5,400,000 €
- Basic parameters
- Photo
№ 1,804,427
Hotel in Hannover
5,400,000 €
- Room stock 49
- Yield 4.0%
- Constructed 2020
- Price per key 110,204 €
Key project parameters
- Leasable area
- 1,230 m²
- Land area
- 565 m²
- Room stock
- 49
- Price per key
- 110,204 €
- Constructed
- 2020
Project description
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.
Tenants
- Agreement
- Yes
- End of lease
- 2034
The tenant is a large German hotel group. The lease agreement is valid for 15 years.
Financial performance
- Yield
- 4.0%
The absolute annual income is 265,000 €.
The current yield is 4,9%.
Transaction costs
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 5%.
The brokerage fee is 5% + 19% VAT (in total 5,95%).
Location and nearby infrastructure
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.
More properties
If this ad doesn't suit you, have a look at the other hotels for sale in Hannover.
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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.
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Property maintenance and insurance
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Search for tenants, contracting, and control over rent collection
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Arrangements for bookkeeping and tax advice
Diversify your portfolio - invest from $1 million in the construction of residential complexes in Dubai
- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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