Do not miss the opportunity to buy an amazing hotel in the center of Berlin, the Friedrichshain district. The 5-storey building was built in 1900 on a plot of 540 sq. m. and it consists of three parts: front, rear and side (with an elevator).
The total area of the building is 1934.28 sq.m. (excluding basement). There is the possibility of completing the construction of an attic of about 500 sq.m. The occupancy rate of the hotel is on average about 71%. The main load falls on the hotel, which includes 33 rooms. In addition, there are 8 apartments, 2 of which are rented out for an unlimited term, 6 apartments can be rented either into a short-term or as an indefinite lease. The object can be purchased, as with the current operator, and free for its own management. In 1995, modernization was carried out, as a result of which the gas heating, sewage and water supply systems were replaced. Also in the building are preserved elements of the original decor of the flight of the early 20th century.
The Hotel is located in the heart of East Berlin - in the Friedrichshain area - popular both among city residents and tourists. There are numerous bars and restaurants, a metro station and a tram stop, the River Spree and the world famous section of the Berlin Wall - East-Side Gallery. Another Berlin landmark - the television tower on Alexanderplatz Square - is just a few minutes away. All the necessary structure in walking distance.
The price of the object: 7 000 000 euros.
Annual income: the last 5 years, about 650,000 euros
Annual operating costs: about 330,000 - 350,000 euros.
100,000 euros of this amount - the salary of the owner.
There is a possibility to buy a hotel on the conditions of “Share-Deal”.
The hotel business in the capital of Germany is in a state of stable growth, as evidenced by the constant increase in the influx of tourists, and is one of the most profitable areas for investment.
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