A four-star hotel in a detached building.
Description
Total area of the building is 5,500 m²
The hotel room capacity: 90 rooms.
The hotel inludes a restaurant for 60 seats, a conference room, a fitness-club and a spa.
The building was built in 2014.
Absolute annual income is 900,000 €.
The current yield of 5%.
The indexation of rental revenue is proportional to inflation.
It is possible to obtain bank loan for 60% of the value of the property at 1.75% per annum.
The tenant is a large hotel operator.
The lease agreement is signed for 15 years with extension options for 2x5 years.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6.5%.
The broker's fee of 4%.
The hotel is located in the central part of the city. Public transport stops are situated in a close vicinity of the property. There are many sights of Munich located in proximity from the hotel.