Description
A brand new hotel, which was built in 2016.
The current yield of 5%.
The property is profitable in case of self-management.
The tenant is a well-known hotel chain.
The lease agreement was signed in 2016 for 15 years with extension options for 3x5 years.
Notary fee of 1.5%.
RE purchase tax of 5%.
The broker's fee of 3%.
The hotel is situated in the city with the population of about 50 thousand people, in the state of Baden-Wurttemberg.