Hotel in city Berlin
310.00 sq.m.

€ 2 210 000

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The payback parameters

Projected gross yields of 2.0 - 6.1% per annum.

Financing is available at interest rate of 1.5-3.0 %

Description

The restaurant and storeroom are on offer here, located on the ground floor of an attractive new building (1994).

Restaurant near Volkspark am Friedrichshain is well known for many years. Many tourists and visitors Volkspark visit the restaurant. Several hotels in the immediate vicinity guarantee a good workload object.

The restaurant is equipped with all necessary appliances.

A spacious outdoor terrace.

130

Features

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

Long-term contracts



Location

Prenzlauer Berg is extremely popular as a residential area for young people and students because of the colorful youth and cultural life and is still quite reasonable rental rates. In the district there are increasing numbers of residents for many years. The average age of residents is about 37 years in Friedrichshain-Kreuzberg. Friedrichshain is becoming increasingly important, especially among young creatives.



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): 49

Seller information

Seller type Agency
Company CM-REAL ESTATE

Location of the property on the map

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