It is a hotel investment is South Berlin.
Description
Spacious hotel area of 7,261 m² was constructed in 1995.
The plot of 3,760 m².
The hotel accommodates 156 rooms.
The property is in good overall condition, major renovation took place in 2007.
The hotel is fully leased out to a managing operator.
Financial performance
Absolute income is 718,654 €.
The current yield of 6,9%.
Tenants
Tenant is an international management company.
The lease agreement is signed until 2032.
Transaction costs
Notary fee of 1,5%.
RE purchase tax of 6%.
The broker's fee of 5,95%.
