Hotel with three apartments and a commercial unit.
Description
The hotel and bakery area is 4,561 m².
The area of apartments is 227 m².
There is a permission to built out the attic floor of 769 m².
The building exterior part and the roof are under architecture protektion as an historical building.
The building is on sale tenanted or not tenanted.
Absolute annual income is 958,285 €.
The current yield of 3,7%.
Financial performance on the condition that all hotel rooms will be built and renovated:
Projected annual income is 1,800,000 €.
Projected yield of 7,0%.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 4.5%.
The broker's fee of 3%.
The building is located in the center of Hamburg not far from the Hamburg Messe.
Hamburg is one of the largest port cities in Europe. It is the second largest city in Germany after Berlin and the seventh largest cities in the Europe Union.
