A three-star hotel in the center of the city.
Description
The usable area of the building is 4,679 m².
The hotel room capacity: 105 rooms.
The hotel includes a restaurant, a conference room and a banquet room, a terrace.
There is a free private parking in the territory of the hotel.
Absolute annual income is 661,500 €.
The current yield of 4.9%.
The tenant is a hotel chain with more than 50 hotels in Germany and Austria. By 2020, the company plans to significantly expand the network across Europe.
The lease agreement is valid for 15 years and contains extension options for 2х5 years.
The contract provides the indexation of the rent.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5.0%.
The brokerage fee is 4% + 19% VAT (in total 4.76%).
The hotel is located in a 12-minute walk from the congress center and the main train station of Mannheim.
The building is located on one of the busiest streets of the city and has an access to public transport stops. The National Theater of Mannheim and Luisenpark with its lakes are located in a 10-minute walk from the property.
The motorways B36, B37 and B38 can be reached by car in 5 minutes. There are various shopping centers, restaurants, a bank and a cultural center not far from the property.
