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Hostel for refugees near the lake in Northern Brandenburg

2,000,000 €
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Total area: 2,200 m² Yield: 13.8%
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Features
  • Operating Incomе: 276,000 €
  • Land area: 21,735 m²
  • 2-floor building
  • Occupancy: 100%
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 7.1%
  • Redevelopment

It is a hostel for refugees investment in the former three-star hotel in Rheinsberg Lake Region.

Description

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.

Financial performance

Absolute income is 276,000 €.

The current yield of 13,8%.

Tenants

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.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 5%.

The broker's fee of 7,14%.

Location

The property is situated in Northern Brandenburg, 80 km northwest from Berlin, next to one of the cleanest lakes in Germany.

More properties

If this property wasn’t for you, take a look at other apartment buildings for sale in Germany.

You can see more apartment buildings for sale in Rheinsberg elsewhere on our website.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services