Hotel in Munich.
Description
The two-story building with a leasable area of 2,372 m² includes:
- 73 rooms
- 3 conference rooms
- restaurant
- sauna
- fitness center
The annual net income is 407,000 €.
The net yield is 4.2%.
The property is fully let. The tenant is a top-rated hotel operator with more than 50 hotels in Germany and Austria.
The lease agreement is valid for 20 years with extension options.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
Brokerage fee is 4% + VAT 19% (total 4.76%).
The hotel is located 9 km from Munich city center.
Munich is the capital and most populous city of Bavaria, the second most populous German federal state. It is the third-largest city in Germany, after Berlin and Hamburg.
Bavaria is a federal state in the south-east of Germany. With an area of 70,550 km² Bavaria is the largest German state by land area. With 13 million inhabitants it is Germany's second-most-populous state after North Rhine-Westphalia. Bavaria has one of the largest economies of any region in Germany, and in Europe.
