Hotel in city Recklinghausen
6308.00 sq.m., 139 bedrooms

€ 12 259 800

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Germany. Recklinghausen. Investment project - construction of a new hotel.
Guaranteed financing from the Bank and guaranteed yield from the tenant.
Investment project in Germany the construction of a new 3 star hotel, Recklinghausen, North Rhine-Westphalia.
(section 6.781 m2)
Object type
Hotels
Object code id15698
The price of the object 12 259 800 €
Price per m2 1943,53 €
Recklinghausen
Year of construction 2019/2020 city
Floor 1-2-3
The total area of 6308 m2, a total of 2 hotel (on land 6.781 m2) m2
The object is rented
Annual income: signed a lease for 20 years: 700 560 (5,71%) €
Total land area: 6.781 m2 (including the land plot under construction)
The current hotel with 37 rooms and a restaurant
The construction of a new hotel 102 rooms
Total project cost: EUR 12.259.800
The stages of the project:
Stage 1:
buying GmbH (legal person is established 19.01.2018 years)
- with the current 4-star hotel with 37 rooms and a restaurant
with a land area of 6.781 m2,
- with permission for the construction of a new hotel with 102 rooms, with an area of 3.516 m2.
The lease of the existing hotel signed until March 2020, with the possibility of extension until March 2021.
The area of the existing hotel: 2.792 m2
The annual income of the actual and existing one: 120.000 euros
The amount of investment on the 1st stage: 4.950.000 EUR
No tax on land acquisition in the amount of 6.5% !
Stage 2:
- new construction 3-star hotel with an area of 3.516 m2 102 rooms,
- redevelopment of the existing hotel:
• building permit obtained
• architectural and construction project approved
• working technical documentation is ready,
• contractors on the whole cycle of building approved,
• all phases of construction to complete the facility in operation is controlled and performed by the seller.
Total number of rooms after completion of phase 2 of the project: 139
Planned start of construction in March 2019.
The planned construction completion is June 2020
There is a decision of the German Bank to Finance this project - details on request.
The lease contract signed with the hotel group Plaza Group (3-star).
The contract has already been signed with the hotel group Plaza Group - 20 years without the right of termination, with the option of extending 2*5 years.
Annual income, in accordance with the signed rental agreement, will be 700.560 euros.
The total investment for the 2nd stage: 7.309.800 euros.
Amount paid not once, but different parts in accordance with the architectural-construction work plan.
There is confirmation of construction financing in the amount of ~ 50% of the total investment.
the Agency Commission 3,57%
There is a choice of apartments and houses in various budget, including commercial facilities

Seller information

Seller type Agency
Company YouLand

Location of the property on the map

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