ID: 1676
House

Hostel for sale Berlin, Germany

ID: 1676

New hostel in Berlin - Wedding. 5% profitability
EW Real Estate
Kurfürstendamm 45 Berlin
Telephone: +49 30 47365973
€9,500,000
New hostel in Berlin - Wedding. 5% profitability
EW Real Estate
Kurfürstendamm 45 Berlin
Telephone: +49 30 47365973
Additional Information DESCRIPTION

Do not miss the opportunity to buy a new hostel in Berlin, located in Wedding. The construction will be completed in 2020. The total area will be about 2 000 sq.m. The hostel will have 46 rooms with 253 beds.

 

Price - 9 500 000 euros

 

Sale is possible to a new operator, as well as an investment project. In the second case, the operator will be provided on the following conditions:

- Lease agreement for 20 years

- Annual rent of 475,000 euros
- Profitability of 5%

 

Wedding is a district of Berlin within the Mitte district, which includes the administrative district of the Government, the zoo and the Alexander Platz square -  the most attractive tourist destinations in Berlin. It is one of the largest districts of Berlin, adjacent to the city center. Wedding ranks third among the districts of Mitte County in terms of population density.

 

If you are interested in this and other objects, you can leave a request. Managers of our company will contact you shortly and provide you with the objects that match your request.

Additional Information PROPERTY DETAILS
  • Object: Commercial property
  • Type of Property: Hostel
  • Property Type: New building
  • Location: Wedding, Berlin, Germany
  • Total Area: 2000 sq m
  • Sale Price: €9,500,000

Financial Information

Price
€9,500,000
Guaranteed rent
Rent Income per year
€475000
Rent Income per month
€39583
Profitability
5%
Payback
20 years
Installment
Mortgage

Purchase Cost

Agency commission
7,14%
Tax on the purchase
6%
Services notary
1%
Inventory
0,5%
Rental services
Services of the management company
Additional Information OTHER INFO
FEATURES
New Hostel with tenant in Berlin for sale
New hostel with tenant in Germany for sale
Commercial property with tenant in Berlin for sale
Commercial property with tenant in Germany for sale

ATTRIBUTES

Total Area: 2000 sq m
Year Built: 2020
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