Investment property with 6,95% return in Frankfurt
- Building area, m²
- 8 000
- Land area, m²
- 4 000
- Accommodation units
- 190
- Yield
- 7%
- Last renovation
- 2014
Property Highlights
- Property in operation
- Large parking
- Furnished and equipped
- Share deal
- Asset deal
Description
Investment opportunity with almost 7% return for a property in Frankfurt, currently used as accommodation for refugees and the homeless.
Investment Highlights
Total usable area: over 8,000 m²; traffic area over: 1,500 m²; technical area: over 600 m².
Built in the end of eighties, currently operated as a hotel.
Rent increases by 125% every five years.
Rent secured by the city of Frankfurt, which covers payment if the tenant defaults.
Property Description
Not subject to a development plan; last modernized in 2014.
Land area over: 4,000 m².
Includes 60 parking spaces and additional outdoor parking.
Constructed with reinforced concrete; heating via district heating.
190 rooms available for immediate occupancy before renovations.
Maximum capacity: 373 persons; minimum capacity: 268 persons.
Plans for a children's playground and 88 bicycle parking spaces.
Agency/brokerage agreement is signed prior to visiting all the properties. Commission depends upon particular country and region.
It is also necessary to submit presentation of your company and official Letter of Intent (LOI) for due diligence procedure.
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