It is a hotel in central part of Bavaria.
Floor space is 5,000 sq. m.
Land plot area is 2,300 sq. m.
Absolute income is 864,000 €.
The current yield of 5,1%.
If hotel occupancy will be more than 70%, absolute income will amount to 1,100,000 €, and the yield to 6,5%.
The tenant is a large hotel chain.
Rented area is 5,000 sq. m., the lease agreement is signed for 20 years with extension options for 2x5 years.
Notary fee of 1,5%.
RE purchase tax of 3,5%.
The broker's fee of 4,76%.
Location and nearby objects
The hotel is situated in Ingolstadt, second of the largest cities in Bavaria after Munich. In 2014 Ingolstadt was the top city in the list of investment-grade rating for German cities.