Brand new hotel in Stuttgart

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Brand new hotel in Stuttgart

10,280,000 €
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Yield: 6.0% Built in 2016
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Features
  • Absolute return: 618,120 €
  • Percentage of the rented area: 100%
  • Number of parking lots: 77
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 4.8%
  • Total rooms: 123
  • Internet
  • TV

It is a newly built hotet in close suburb of Stuttgart.

Description

The hotel has 123 rooms in total.

It is located within the complex, which includes office and residential buildings.

There is also a parking for 77 cars.

The property will be commissioned in October 2016.

The hotel is already leased out to a managing company.

Financial performance

Absolute income is 618,120 €.

The current yield of 6%.

Tenants

Tenant is a well-known company, which operates more than 20 hotels in Germany.

The lease agreement is signed for 20 years until 2036 with extension options for 2x5 years.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 5%.

The broker's fee of 4,76%.

Location

The hotel is situated 13 kilometers from Stuttgart center.

There are shops, cafes and bus stops in the neighborhood.

The metro and train stations are within 1,5 km distance.

More properties

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

You can see more hotels for sale in Stuttgart 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