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Econtel Plus, Berlin-Charlottenburg

 Econtel Plus, Berlin-Charlottenburg,

 

 

 

Investment Development: 14,370,000 (EUR)

This off plan development offers the investor the opportunity to purchase the freehold of a 3 star hotel with the security of a 25 year lease contract with a guaranteed 1.047,000 (EUR)/year for 25 years.

The German Economy Overview
Germany is considered among the three largest economies in the world; it has a population of over 82 million and is the largest country in the European Union.
Germany has the largest economy in the continent with a gross domestic product of 2.2 trillion euros in 2004. Berlin is now booming due to influx of cash from all over the world. The capital appreciation during this period is estimated to start at a low rate, growing towards the average European Capital city prices .

Proposal
The proposal involves the acquisition of an off plan hotel, 100% pre-let to a national hotel operator.

Property
The project will consist of 160 rooms, 4 conference halls, restaurant, bar and 66 underground parking spaces.

Permissions
The construction permission has been granted and the works shall begin Q3 2006 and completion is expected Q2 2008.

Location
The hotel is located in the Charlottenburg district of Berlin. This district is popular with tourists as it is home to the Charlottenburg Palce (only rivaled by Versailles in Paris), Kurfurstendamm Shopping Mall which is the most popular in Berlin plus a variety of cafes, bars and restaurants.

Tenants
The tenant is Econtel Company, they already successfully manage a hotel on the same site.

Lease
The rental contract has been agreed on a 25 year lease at a yield of 7.3%. This can be higher if you are able to negotiate the price down of the property with the construction company


 

here a real prospective to make real money in Berlin as it real state are booming from foreign investor due to this short term and long term investment which are highly secured by the German banks.

 

For Contacts:  info@coca-coma.com