Hotel in city Berlin
2800.00 sq.m., 26 bedrooms

€ 10 581 000

Translated automatically. Show original description.

The payback parameters

Projected gross yield 2,0 -4,9% per annum.

Financing is available at interest rate of 1.5-3.0 %

Description

This Commercial property was built in 1989 on a plot of approximately 4360 sq

Well maintained building of the hotel consists of three floors with a total area of about 2800 sq

In total the hotel has 26 rooms with approximately 68 beds in single, double and family rooms, 3 meeting rooms, 2 restaurants and a bar, pantry and about 40 Parking spaces. An Elevator is available.

The whole building is in good condition and has been upgraded in 2016. With the existing statement, you can add 2 more floors to the upper level of the building. You can also, if desired, to operate a beer on the terrace.

About 60-80% of the rooms are fully booked every year and the hotel hosts many events such as

Birthdays, holidays, graduations, short-term trainings and seminars.

Features

Potential increases in profitability 2,0 - 3,00 %

Long-term contracts



Location

The property is situated in the Eastern part of the city of Berlin. The connection by public transport is very convenient.



Associated costs

Notary fee of 1.5–2.0 %.

Tax on acquisition of real estate at 6.0 %.

Representative Commission is 2.5 %* (1.0% to the signing of the contract of purchase and sale a 1.5% after)



The costs of owning

Cost of services the management company is 23,00 €.

Operating costs comprise of 2.32 €/m2 / month.


In case you are interested in this and the other proposed to review us objects You can leave us a request. Employees of the company CM REAL ESTATE will contact You shortly and provide to Your attention the objects that match Your request.

For privacy reasons, and in accordance with the terms of the owner object photos will not be posted. All additional information on objects off market on request.After signing with us the preliminary agreement, you can get more information on this project, including documentation and real photos of the object.

The Object number in the database (ID): 43

Seller information

Seller type Agency
Company CM-REAL ESTATE

Location of the property on the map

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