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

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Four-star hotel with bar in Western 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
  • Renter: 100%
  • Most recent total renovation: 2001
  • Lettable area: 2,600 m²
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0%
  • Total rooms: 72
  • Hotel rating: 4
  • Shared garden
  • Balcony
  • Terrace
  • Internet
  • TV

It is a modern hotel situated next to the famous Kurfürstendamm. Description

The total area of the six-storey building is 3,240 m².

The plot of 1,000 m².

The property was built in 1984 and renovated, good overall condition.

The hotel has 72 rooms, including 6 suites. Some rooms have balconies.

There is also 24-hour reception, bar, terrace, three conference rooms, two offices and garden for 40 people.

The building has an elevator.

The hotel is fully leased out.

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%.

Location

The property is just a few steps from the Kurfürstendamm.

Shops, restaurants, public transportation and metro station are within the walking distance.

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Sofiya Bulanova
Sofiya Bulanova
Real Estate Expert Tranio in Berlin
+44 20 3608 1267
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