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.
The annual income is 719,800 €.
The yield is 3.6%.
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.
Notary (state registration) is 1.5–2%.
Acquisition tax is 5%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
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).
