It is a hotel in Eastern Munich.
Description
The total area of four-storey building of 4,290 m², of which:
- hotel — 3,109 m²;
- three commercial units — 1,181 m².
The plot of 2,643 m².
The hotel has 135 rooms in total.
The building was constructed in 2015 and now is in excellent condition.
There is parking for 10 vehicles and an underground garage for 52 vehicles.
All areas are leased out to four tenants.
Financial performance
Absolute income is 991,320 €.
The current yield of 5,5%.
Tenants
The anchor tenant is a hotel.
The lease agreement is signed for 20 years until 2035.
The other tenants are chain store, butcher's shop and bakery.
The lease agreements are signed for 15 years until 2030.
Location
The hotel is near the road and adjacent to the residential area.
Cafes, restaurants, public transportation and metro station are in the neighborhood.
