Hotel in city Dresden
467.00 sq.m.

€ 716 000

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The payback parameters

Projected annual income is 47 634,00 €.

Projected gross yields of 6.9% per annum.

Financing is available at interest rate of 1.5-3.0 %

Description

Residential and commercial building was built at the turn of the century and renovated in 1994-1996. The last repair took place in 2017.

Currently the property is used as a Guesthouse with 11 rooms and 2 business apartments (DG with 92 sq M). Most rooms have a private bathroom with a bathtub.

The building has a ground floor and, in addition to rented rooms offers plenty of usable space, which is used as a kitchen, washing machine and storage space. On a plot of 6 Parking spaces.

Features

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

Long-term contracts



Location

The house is situated in Dresden-West in the popular area of Newslet - located right on the busy access road to the centre of Dresden. Very good infrastructure, within walking distance from the bus and train lines, offering quick routes to the historic old city and wider urban area.



Associated costs

Notary fee of 1.5–2.0 %.

Tax on acquisition of real estate of 3.5 %.

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 € per month for an apartment.

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): 32

Seller information

Seller type Agency
Company CM-REAL ESTATE

Location of the property on the map

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