+44 20 3608 1267
Three-star hotel with restaurant and bar, Ingolstadt, Germany

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

17,000,000 €
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Total area: 5,000 m² Yield 5.1%
  • Absolute return: 864,000 €
  • Land area: 2,300 m²
  • Built in 2014
  • 5-floor building
  • Renter: 100%
  • Number of parking lots: 10
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.8%
  • Total rooms: 144
  • Hotel rating: 3
  • Private car park
  • Furnished

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

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.

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Sofiya Bulanova
Sofiya Bulanova
Real Estate Expert Tranio in Ingolstadt
+44 20 3608 1267
Free advice on real estate in Ingolstadt
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