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.
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Do not miss the opportunity to purchase a new hotel in Lower Saxony!