You will love this charming new hotel building in Munich, Bavaria Free Land. The hotel is not a part of chained-brand hotels. The hotel includes 107 modern fully furnished rooms. The lease term is 15 years with the option to extend the lease for another 5 years.
Year built - 2007
Price – €16,590,000
Revenues from the rent – €925,000 per year
Current Rate of return – 5.6%
Munich is a city in the south of Germany. Munich is the capital of Bavaria free land and the administrative district of Upper Bavaria. The population of the city is about 1.5 million people. It is the largest city of Bavaria and the third city of Germany (after Berlin and Hamburg). There are the governments of Munich city district, Bavaria, and Upper Bavaria district located in Munich.
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Do not miss a unique opportunity to have a hotel building in Germany!
- Type of Property: Hotel
- Property Type: New building
- Status: New
- Location: Munich, Bavaria, Germany
- Sale Price: €16,590,000