It is a hostel for refugees investment in the former three-star hotel in Rheinsberg Lake Region.
The total area of 2,200 m².
The plot of 21,735 m².
The price of the property includes a wastewater treatment plant.
There is a possibility to extend the building for an additional 620 m² of residential space.
The property is fully leased out.
The demand for such housing will continue to grow over the next decade due to the complicated demographic situation with refugees.
Absolute income is 276,000 €.
The current yield of 13,8%.
Tenant is a management company.
The lease agreement is valid until the fourth quarter of 2020, there is an extension option for 2 years.
All operating costs are borne by the tenant.
After the lease end the poperty is returned in its original condition and can be reused as a hotel.
Notary fee of 1,5%.
RE purchase tax of 5%.
The broker's fee of 7,14%.
The property is situated in Northern Brandenburg, 80 km northwest from Berlin, next to one of the cleanest lakes in Germany.