Four-star hotel with bar in Western Berlin

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Four-star hotel with bar in Western Berlin

9,800,000 €
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Total area: 3,240 m² Yield: 6.1% Built in 1984
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Features
  • Operating Incomе: 600,000 €
  • Land area: 1,000 m²
  • 6-floor building
  • Occupancy: 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
  • Balcony or terrace
  • Internet
  • TV
  • Garden

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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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
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