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.
Absolute income is 600,000 €.
The current yield of 6,1%.
Notary fee of 1,5%.
RE purchase tax of 6%.
The broker 's fee of 5,95%.
The property is just a few steps from the Kurfürstendamm.
Shops, restaurants, public transportation and metro station are within the walking distance.