Three-star hotel in a four-storey building.
Description
The hotel room capacity: 75 rooms.
The hotel includes restaurant, bar and parking for 24 lots, 18 of them are underground.
Absolute annual income is 324,000 €.
The current yield of 5.9%.
The tenant is a hotel chain.
The lease agreement is valid through 31.01.2022 and has extension options.
The agreement stipulates the rental payment indexation.
Notary fee of 1.5%.
RE purchase tax of 5%.
The broker's fee of 4%.
The hotel is situated in the suburb of Stuttgart — it is the capital of the state of Baden-Wurtemberg, one of the most important industrial and cultural centers of Germany.