Brand new hotel in Stuttgart

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Brand new hotel in Stuttgart

10,280,000 €
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  • Yield
    6.0%
  • Built in 
    2016
Details
Property parameters
  • Total rooms: 123
  • Number of parking lots: 77
Financial performance
  • Annual income: 618,120 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 4.0% + VAT
Features
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It is a newly built hotet in close suburb of Stuttgart.

Description

The hotel has 123 rooms in total.

It is located within the complex, which includes office and residential buildings.

There is also a parking for 77 cars.

The property will be commissioned in October 2016.

The hotel is already leased out to a managing company.

Financial performance

Absolute income is 618,120 €.

The current yield of 6%.

Tenants

Tenant is a well-known company, which operates more than 20 hotels in Germany.

The lease agreement is signed for 20 years until 2036 with extension options for 2x5 years.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 5%.

The broker's fee of 4%.

Location and nearby infrastructure

The hotel is situated 13 kilometers from Stuttgart center.

There are shops, cafes and bus stops in the neighborhood.

The metro and train stations are within 1,5 km distance.

More properties

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

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.

Find out more
  • 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
6.0%
8—10%
Investment budget
10,280,000 €
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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