Hotel in Hannover, Lower Saxony, Germany

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Hotel in Hannover, Lower Saxony, Germany

20,000,000 €
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  • Yield
    3.6%
  • Rental rate (m²/month)
    11 €
  • Built in 
    2004
Details
Property parameters
  • Leasable area: 5,500 m²
  • Land area: 1,500 m²
  • Total rooms: 120
  • Number of parking lots: 70
  • Hotel rating: 3
Financial performance
  • Annual income: 719,800 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0% + VAT
Features
  • Underground parking
  • Elevator
  • Fitness

3-star hotel in the center of Hannover.

Description

The building with a leasable area of 5,500 m² consists of about 120 double rooms (about 30 m²). Each room has a private bathroom and a kitchenette.

The plot area is 1,500 m².

There is a fitness center, an elevator, an underground parking for 70 cars.

Financial performance

The annual income is 719,800 €.

The yield is 3.6%.

Tenants

The property is fully let. The tenant is a well-known hotel chain with several hundred branches all over the world. The remaining lease period is 2 years with 2x5 years extension options.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 5%.

Brokerage fee is 6% + VAT 19% (total 7.14%).

Location and nearby infrastructure

The property is located in center of Hannover.

With a population of more than 500 thousand people, Hanover is on the 13th place in the country.

Hanover is one of the leading exhibition cities in the world. It hosts more than 60 international and national exhibitions every year. Hannover International Airport (9th largest in Germany) annually welcomes more than 5 million passengers.

Lower Saxony is situated in northwestern Germany. It is the second largest state and fourth largest in population (7.9 million).

More properties

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

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.

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