ID: 1526
House

Hotel for sale Bavaria, Munich, Germany

EW Real Estate
Kurfürstendamm 45 Berlin
Telephone: +49 30 47365973
€16,590,000
EW Real Estate
Kurfürstendamm 45 Berlin
Telephone: +49 30 47365973
Additional Information DESCRIPTION

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!

 

 

 

Additional Information PROPERTY DETAILS
  • Type of Property: Hotel
  • Property Type: New building
  • Status: New
  • Location: Munich, Bavaria, Germany
  • Sale Price: €16,590,000

Financial Information

Price
€16,590,000
Rent Income per year
€925000
Rent Income per month
€77083,33
Profitability
5.6%
Payback
17,93 years
Installment
Mortgage

Purchase Cost

Agency commission
7.14%
Tax on the purchase
3.5%
Services notary
1%
Inventory
0.5%
Rental services
Services of the management company
Additional Information OTHER INFO

ATTRIBUTES

Year Built: 2017
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