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.
