Hotel, Hamburg, Germany

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Hotel, Hamburg, Germany

15,000,000 €
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Total area: 2,300 m² Yield: 5.0% Built in 2008
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Features
  • Operating Incomе: 750,000 €
  • Land area: 1,600 m²
  • 5-floor building
  • Occupancy: 99%
  • End of lease: 2038
  • Notary (state registration): 1.5%
  • Acquisition tax: 4.5%
  • Broker: 3.0%
  • Total rooms: 100
  • Hotel rating: 2

Two-star hotel.

Description

The hotel room capacity: 100 rooms.

There is parking in the premises of the property.

The hotel includes a restaurant and a fitness center.

There is an elevator in the building.

The property was built in 2006/2008.

At the moment, the building is under renovation, a lobby, a restaurant and all rooms will be repaired at the expense of the operator.

Financial performance

Absolute annual income is 750,000 €.

The current yield of 5.0%. 

Loan

Pre-approved financing is 60% of the property value at 2% per annum.

With the loan, IRR will be 8% per annum.

Tenants

The tenant is a hotel chain with more than 40 hotels in Germany and Austria.

The lease agreement is valid for 20 years.

Type of lease: Double net.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 4.5%.

The brokerage fee is 3% + 19% VAT (in total 3.57%).

Location and nearby objects

The property is located next to the Bilhaven Harbor, in 2 km from the Hamburg Central Station and in 10 km from the Hamburg Airport.

The building is located on one of the busiest streets of the city, in a walking distance from the metro station and public transport stops. The distance to the historic quarter of Münzviertel and the Museum of Ballinstadt is about 2 km, and to the central fish market of Hamburg — 6 km. An artificial lake Alster is situated nearby.

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Enquire about this hotel
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    When you submit a request, you agree to our terms and conditions
    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services