It is a hotel near Zugspitze mountain, Garmisch-Partenkirchen, Bavaria.
Description
The three-storey hotel was built in 1970 by local architect.
There are 43 apartments, 10 of them are one-bedroom and 33 are two-bedroom. There may be 120 beds in total.
Massive outer walls with a sealing layer 12 cm thick always provide excellent thermal insulation. Three-layer inner wall sheathed with plasterboard provides excellent sound insulation.
The last major renovation was carried out in 1995. Central heating boiler has been replaced in 2010. There is also the main gas pipeline in the building.
The hotel is in good overall condition. Repair is not required.
The property if fully leased out to a management company.
Features
- Restaurant;
- Beer outdoors;
- Breakfast room;
- Bar;
- Pool;
- Sauna;
- Steam sauna;
- Jacuzzi;
- Cable TV,
- Wi-Fi.
There is a possibility to expand the hotel for 20–25 additional rooms with purchasing the neighboring plot.
Absolute income is 314,000 €.
The current yield of 6,9%.
Notary fee of 1,5%.
RE purchase tax of 3,5%.
The broker's fee of 5,95%.
Perfect opportunity to buy hotels in Germany in a good location, for a good price.
The hotel is located on the shores of the mountain river with trout. All winter sports are available for tourists.
There are mountain lakes Eibsee and Pflegerze in close proximity to the hotel, as well as famous castles and palaces: Neuschwanstein, Linderhof, Herrenchiemsee and Ettal.
The hotel is 40 km away from Innsbruck and 90 km from Munich.
There is a good infrastructure: bus stop is right outside the hotel, the railway station is 5 km away, the motorway is within 10 km.
