- 27,285,000 €
- 4.7% yield
- Hannover Hotel 20,000,000 €
- Basic parameters
- Photo
№ 2,280,582
Hotel in Hannover
20,000,000 €
- Room stock 120
- Yield 4.0%
- Constructed 2004
- Price per key 166,666 €
Key project parameters
- Leasable area
- 5,500 m²
- Land area
- 1,500 m²
- Room stock
- 120
- Number of parking lots
- 70
- Hotel rating
- 3
- Price per key
- 166,666 €
- Constructed
- 2004
Project description
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.
Extra information
Underground parking
Elevator
Fitness
Tenants
- Agreement
- n/a
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.
Financial performance
- Yield
- 4.0%
The annual income is 719,800 €.
The yield is 3.6%.
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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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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