It is a hotel under construction in one of the cities of Baden-Wurttemberg.
Description
The object of a total area of 3,900 m² is located on a plot of 2,489 m².
Construction of the building had started in the I quarter of 2015, and the completion is scheduled for the II quarter of 2016.
The hotel will have 120 rooms and a parking for 60 places.
Absolute income (from fourth operational year) is 614,000 €.
The projected yield of 5,9%.
The object is fully leased to a major German operating company for 20 years.
There is a possibility of prolongation of the lease contract for five years (1x5).
The broker's fee of 3%.
The hotel is located in one of the largest cities in the state of Baden-Württemberg close to the border with France. The city has many green areas and parks.
Transport infrastructure in the city is characterized by good motorway accessibility, nearest airports, connection to the national railway and a well-developed public transportation.
