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10 400 000 €

Hotel in Karlsruhe, Germany, 3 500 sq.m
  • Hotel in Karlsruhe, Germany, 3 500 sq.m - picture 1
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  • Hotel in Karlsruhe, Germany, 3 500 sq.m - picture 1
  • Property ID on Prian.info: 3198720
    Last update: 28.08.2023
    Number of views: 4010

10 400 000 €

Hotel in Karlsruhe, Germany, 3 500 sq.m

3500 sq.m 5.5% per year
Residence Business on sale

  • Property ID on Prian.info: 3198720
    Last update: 28.08.2023
    Number of views: 4010

Specifications

Sale price 10 400 000 €
Price per square meter 2 971.43 €
Floor area 3 500 sq.m
Construction phase Resale
Date of construction 1960
Number of storeys 6
Address Germany, Karlsruhe

Business on sale


Additional services

  • Residence permit upon purchase
  • Property management company

Finance

Profitability
Annual return 5.5 %

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

Pay-off period 18 years

Rental income covers all the expenses in

Business expenses
Not included in the price

Description

A 100-room hotel with a central location in Karlsruhe. There is both underground parking and parking in the courtyard. The hotel is leased to the largest German hotel chain. The lease agreement has been concluded for 18 years with a further extension option.

Location: Karlsruhe is a city in Southwestern Germany, the third largest in the federal state of Baden-Würtenburg. In Karlsruhe there are various enterprises of transport and electrical engineering, oil refining, metalworking, chemical, printing, food industry. Karlsruhe is the second largest river port in Germany. The second largest MiRO oil refinery in Germany is located in the city.

The "residence of law", as Karlsruhe is sometimes called, houses the Federal Constitutional Court, the Supreme Court of Germany, as well as numerous federal and land departments.

The city is home to one of the largest branches of Siemens, which is the largest non-state employer in Karlsruhe. There are also large branches of the L'Oréal and Michelin concerns here.

The hotel is located about 1.5 km from the city center. It can be reached on foot or by S-Bahn metro in a few minutes. The Karlsruhe Exhibition Center (DM-Arena) is 14 minutes away by car.


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Representative

Alexander Ufnarovski
CEO
Languages: english
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Seller
Alexander Ufnarovski CEO

Estate-Service24

Languages: english
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