A four-star hotel in a detached building.
Description
Total area of the building is 5,600 m²
The hotel room capacity: 100 rooms.
The hotel inludes a restaurant for 70 seats, a conference room, a fitness-club and a spa.
The building was built in 2000 and needs repair.
Financial performance
The current yield of 4.8%.
The indexation of rental revenue is proportional to inflation.
Loan
It is possible to obtain bank loan for 60% of the value of the property at 1.75% per annum.
Tenants
The tenant is a large hotel operator.
The lease agreement is signed until 2030.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
The broker's fee of 4%.
Location and nearby infrastructure
The hotel is located in 15 minutes drive from the city center. All amenities and public transport stops are situated in a close vicinity of the property.
