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%.
Hotel 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.