Hotel, Wiesbaden, Germany

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Hotel, Wiesbaden, Germany

3,200,000 €
5,970 € /m²
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  • Total area
    536 m²
  • Yield
    4.9%
  • Built in 
    1905
Details
Property parameters
  • Land area: 175 m²
  • Total rooms: 30
  • 4-floor building
Financial performance
  • Annual income: 158,220 €
Property status
  • Most recent total renovation: 1990
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

The hotel with a restaurant.

Description

The hotel room capacity: 30 rooms.

The hotel was built in 1905. The renovation was in 1990-ies.

The building is a cultural monument protected by the state.

The restaurant is located on the ground floor of the hotel.

Financial performance

Absolute annual income is 158,220 €.

The current yield of 4.9%.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 6.0%.

Brokerage fee is 5.95%.

Location and nearby infrastructure

The hotel is located in a quarter Quellengarten, near Goldgasse, the pedestrian Central zone of the city, the market square and the Parliament of Hessen.

There are restaurants, shops, apartment buildings and shopping centers near the property.

Public transport can be reached in 2 minutes by foot, the station can be reached in a 7-minute drive, and the airport — in a 25-minute drive.

More properties

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

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
4.9%
8—10%
Investment budget
3,200,000 €
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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