ID: 1719
House

Hotel for sale Lower Saxony, Germany

Hotel 4-5 star in Lower Saxony. Profitability 5%

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€12,000,000
Hotel 4-5 star in Lower Saxony. Profitability 5%

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Additional Information DESCRIPTION
We are glad to offer you a project of a new 4-5 * hotel located 10 minutes from the center of Wolfsburg and just 5 minutes from the Volkswagen factory.
 
The project involves the construction of a hotel of about 3,200 square meters. 88 rooms, on a plot of about 1 450 sq.m. until the end of 2020.
 
The price of the hotel is 12 million euros and includes inventory and furniture in the amount of 2.5 million euros.
 
With the new operator, a lease agreement has been concluded since the moment of construction (from the end of 2020) for a period of 10 years, plus two options to extend the lease agreement for 5 years.
 
Annual rental income - 600 000 Euro
Profitability - 5%
 
Wolfsburg is a district city in Germany, in Lower Saxony. The city is the headquarters of the Volkswagen Group. Wolfsburg together with the cities of Braunschweig and Salzgitter forms one of the nine high-level centers in Lower Saxony. In addition, the city is part of the Hanover-Braunschweig-Göttingen-Wolfsburg metropolitan area. The population of more than 120,000 people, according to this indicator, Wolfsburg ranks sixth in the state of Lower Saxony. The nearest major cities are Braunschweig 26 kilometers to the south-west, Magdeburg 64 kilometers to the south-east and Hannover 74 kilometers to the west. The city has a football team of the same name, owned by the concern VW.
 
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.
 
Do not miss the opportunity to purchase a new hotel in Lower Saxony!
Additional Information PROPERTY DETAILS
  • Type of Property: Hotel
  • Property Type: New building
  • Location: Lower Saxony, Lower Saxony, Germany
  • Land Area: 1450 sq m
  • Total Area: 3200 sq m
  • Sale Price: €12,000,000

Financial Information

Price
€12,000,000
Guaranteed rent
Rent Income per year
€600000
Rent Income per month
€50000
Profitability
5%
Payback
20 years
Mortgage

Purchase Cost

Agency commission
7,14%
Tax on the purchase
5%
Services notary
1%
Inventory
0,5%
Rental services
Services of the management company

Facilities

Near the shop
Additional Information OTHER INFO
FEATURES
Hotel with tenant in Lower Saxony for sale
Hotel with tenant in Germany for sale

ATTRIBUTES

Rooms: 88
Land Area: 1450 sq m
Total Area: 3200 sq m
Year Built: 2020
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