Hotel, Munich, Germany

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Hotel, Munich, Germany

21,700,000 €
4,433 € /m²
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  • Total area
    4,895 m²
  • Yield
    5.0%
  • Built in 
    1983
Details
Property parameters
  • Land area: 4,330 m²
  • Total rooms: 147
  • Hotel rating: 4
  • 6-floor building
Financial performance
  • Annual income: 1,086,155 €
Tenants
  • Fully let
  • End of lease: 2029
Property status
  • Most recent total renovation: 2009
Transaction costs
  • Notary (state registration): 1.5%
  • Broker: 4.0% + VAT
Features
  • Car parks

A four-star hotel.

Description

The hotel room capacity: 147 rooms.

The building was built in 1983. In 2009, the property was rebuilt for a hotel.

There is an underground garage for 49 cars and an outdoor parking in the territory of the property.

Type of transaction: Share Deal.

Financial performance

Absolute annual income is 1,086,155 €.

The current yield of 5%.

Tenants

The tenant is a hotel chain with 30 hotels in 3 European countries.

The lease agreement is valid before 01.10.2029. It can be extended under certain conditions.

The agreement stipulates a rental payment indexation.

Transaction costs

Notary (state registration) is 1.5 – 2%.

The broker's fee of 4%.

Location and nearby infrastructure

The hotel is located in the southern part of the city. There is an underground station, a taxi rank and a supermarket in a walking distance from the property.

More properties

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

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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  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice
Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a hotel purchase with a construction loan

Investment vehicle
Hotel
Construction loan
Yield per annum
5.0%
8—10%
Investment budget
21,700,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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