Description

Project Cost with Land and Permits: €13,675,000 Cost of Construction Works: €8,500,000 Property Classification: Rental, commercial, income-generating real estate, ready business, residence permit, business immigration, residence and permanent residency in Germany, rental business in Germany, investments in Germany, own company in Germany. Project Description: The project involves the construction of a budget hotel with guaranteed profitability. The land is located in Munich in one of the city's best areas. The sale includes everything: the land plot, building permit, and completed project. Land Plot: Approximately 3,000 m² Cost of Construction Works: €8,500,000 Building: Five-story hotel with an underground garage, 160 - 170 rooms (depending on the chosen concept) Total Building Area: 5,470 m² Lease Agreement: Option to sign a 25-year lease with renewal options Expected Annual Rent: €1,100,000 If sold immediately upon completion: The turnkey price for the final buyer is €27,500,000.