4-star hotel with an indoor pool, 10 conference rooms and a terrace with a bar, near Hannover Messe trade fair

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4-star hotel with an indoor pool, 10 conference rooms and a terrace with a bar, near Hannover Messe trade fair

24,000,000 €
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Built in 1994
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Features
  • 6-floor building
  • End of lease: 2019
  • Broker: 6.0%
  • Total rooms: 222
  • Balcony or terrace
  • Swimming pool
  • Garden

The comfortable hotel consists of 222 rooms. In the territory of the hotel you find 10 conference rooms accommodating up to 700 delegates, a spa area, a gym with a swimming pool with a length of 15 m, saunas, a restaurant, a beer garden. The building was recently renovated.

Equipment

All the rooms are equipped with air conditioning.

Advantages

Guaranteed rental income of 1,250,000 euros from a German insurance company.

Tenants

A long-term lease contract is concluded for the period until 31.12.2019.

Escalating rents: 2016 – 1,200,000 euros, 2017 – 1,250,000 euros, 2018 – 1,350,000 euros, starting from the 5th year — 1,500,000 euros.

The cost of ownership

Investment renovation obligation — from 3,500,000 euros up to 5,000,000 euros.

Location and nearby objects

The property is located near Hannover Messe trade fair grounds.

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Sofia Bulanova
Sofia Bulanova
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services