Floor space is 4,000 sq. m.
Convention hall is 136 sq. m.
It 's leased out to a single tenant.
Absolute income is 691,000 €.
The current yield of 5,8%.
There is an indexation of annual rent according to the contract.
Tenant is a large company Tulip Inn, that runs about 1,100 hotels all over the world.
Rented area is 4,000 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 Munich suburb, in region with extended infrastructure.