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Four-star hotel in West Berlin with a 6,1% yield

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Four-star hotel in West Berlin with a 6,1% yield

9,800,000 €
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Total area: 3,240 m² Yield: 6.1%
  • Absolute return: 600,000 €
  • Land area: 1,000 m²
  • Built in 1984
  • 6-floor building
  • Most recent total renovation: 2001
  • Lettable area: 2,600 m²
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0%
  • Total rooms: 74

It is a hotel investment in the center of West Berlin.

Description

A six-story hotel area of 3,240 m² was constructed in 1984.

The plot of 1,000 m².

The hotel accommodates 68 apartments, 6 suites and 3 conference rooms.

The property is in good overall condition, major renovation took place in 2001.

Financial performance

Absolute income is 600,000 €.

The current yield of 6,1%.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 6%.

The broker's fee of 5,95%.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in Berlin
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