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.
