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31 500 000 €

Hotel in Vienna, Austria, 1 103 sq.m

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  • Hotel in Vienna, Austria, 1 103 sq.m - picture 1
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  • Hotel in Vienna, Austria, 1 103 sq.m - picture 1
  • Property ID on Prian.info: 3487894
    Last update: 13.05.2023
    Number of views: 1369

31 500 000 €

Hotel in Vienna, Austria, 1 103 sq.m

1103 sq.m 4.12% per year

  • Property ID on Prian.info: 3487894
    Last update: 13.05.2023
    Number of views: 1369

Specifications

Sale price 31 500 000 €
Price per square meter 28 558.48 €
Floor area 1 103 sq.m
Construction phase Off-plan
Address Austria, Vienna, Mariahilferstrasse
Location within the city

Additional services

  • Property management company

Finance

Profitability
Annual return 4.12 %

Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100%


Description

Moxy Hotel Project Vienna Westbahnhof

- A beautiful historical building with a construction permit

- Transaction type: transaction with shares / assets

- Forward financing

- Stable annual rent from the 6th year: 1,300,000.00 (about 4%)

Facts and figures:

Plot size: 1.103 m2 (according to the land register)

Project: 140+ rooms, restaurant, bar, lobby, banquet hall in the basement.

Total External Area (GEA): 5,938 m2 - (after agreed replenishment)

Restaurant, bar, lounge, conference rooms on the lower level (approx. 80 people).

Lease agreement:

Brand: Moxy by Marriott

Term: 30 years + 10 years optional

Contract type: variable lease agreement with minimum guaranteed rent

Fixed rent

o 1st year: net € 800.000,-

o 2nd year: net € 1,000,000,-

o 3rd year: net € 1.120.000,-

o 4th year: net € 1.187.500,-

o 5th year: net € 1.255.000,-

o Starting from the 6th year: € 1,300,000,-

Variable rent as a percentage of total revenue ("total operating revenue by USALI"):

o 1st year:: 20% of total revenue

o 2nd year:: 25% of total revenue

o Starting from year 3: 26% of total revenue

Variable rent is calculated monthly.

Indexing:The minimum guaranteed rent is indexed taking into account the 100% change in the CPI. This indexing is limited to 5% of the annual change.

Warranty: The lessee guarantees a minimum rental period of 1 year by means of a bank guarantee.

Transmission:The tenant accepts a turnkey project, including FF&E (Furniture, Fixtures and Equipment)

Maintenance and repair: the base and the housing are paid by the owner, everything else is the responsibility of the tenant ("double net contract").

FF&E reserve: Year 1:1%, year 2: 2%, Year 3:3%,

Year 4 onwards: 4% of the total revenue is reserved for an additional account.

Project status:

In June 2019, the authorities issued a construction permit. The implementation plans have been completed and the main parts of the tender proposals (construction, technical construction equipment, etc.) have been sent out. The second part of the tender proposals (required at a later stage of construction) is currently being prepared.

Transaction type and price:

A transaction with shares or assets.

The return for the investor is 4.12% based on a stable lease of 1,300,000 euros, which reflects an investment of 31,500,000 euros.

Moxy Hotel Project Vienna Westbahnhof

- A beautiful historical building with a construction permit

- Transaction type: transaction with shares / assets

- Forward financing

- Stable annual rent from the 6th year: 1,300,000.00 (about 4%)

Facts and figures:

Plot size: 1.103 m2 (according to the land register)

Project: 140+ rooms, restaurant, bar, lobby, banquet hall in the basement.

Total External Area (GEA): 5,938 m2 - (after agreed replenishment)

Restaurant, bar, lounge, conference rooms on the lower level (approx. 80 people).

Lease agreement:

Brand: Moxy by Marriott

Term: 30 years + 10 years optional

Contract type: variable lease agreement with minimum guaranteed rent

Fixed rent

o 1st year: net € 800.000,-

o 2nd year: net € 1,000,000,-

o 3rd year: net € 1.120.000,-

o 4th year: net € 1.187.500,-

o 5th year: net € 1.255.000,-

o Starting from the 6th year: € 1,300,000,-

Variable rent as a percentage of total revenue ("total operating revenue by USALI"):

o 1st year:: 20% of total revenue

o 2nd year:: 25% of total revenue

o Starting from year 3: 26% of total revenue

Variable rent is calculated monthly.

Indexing:The minimum guaranteed rent is indexed taking into account the 100% change in the CPI. This indexing is limited to 5% of the annual change.

Warranty: The lessee guarantees a minimum rental period of 1 year by means of a bank guarantee.

Transmission:The tenant accepts a turnkey project, including FF&E (Furniture, Fixtures and Equipment)

Maintenance and repair: the base and the housing are paid by the owner, everything else is the responsibility of the tenant ("double net contract").

FF&E reserve: Year 1:1%, year 2: 2%, Year 3:3%,

Year 4 onwards: 4% of the total revenue is reserved for an additional account.

Project status:

In June 2019, the authorities issued a construction permit. The implementation plans have been completed and the main parts of the tender proposals (construction, technical construction equipment, etc.) have been sent out. The second part of the tender proposals (required at a later stage of construction) is currently being prepared.

Transaction type and price:

A transaction with shares or assets.

The return for the investor is 4.12% based on a stable lease of 1,300,000 euros, which reflects an investment of 31,500,000 euros.


Representative

Vera Skala
CEO
Languages: english