Three-star hotel with restaurant and bar, Ingolstadt, Germany

Additional information is provided after the signing of an NDA

Three-star hotel with restaurant and bar, Ingolstadt, Germany

17,000,000 €
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Total area: 5,000 m² Yield: 5.1% Built in 2014
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Features
  • Operating Incomе: 864,000 €
  • Land area: 2,300 m²
  • 5-floor building
  • Occupancy: 100%
  • Number of parking lots: 10
  • End of lease: 2034
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.8%
  • Total rooms: 144
  • Hotel rating: 3
  • Furnished
  • Car parks

It is a hotel in central part of Bavaria.

Description

Floor space is 5,000 sq. m.

Land plot area is 2,300 sq. m.

Financial performance

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%.

Tenants

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.

Transaction costs

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.

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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