G+6 Building in Germany Square Area – NIG

An exceptional G+6 building is available for urgent sale in the prime Germany Square area, just one block behind the main ring road. The building, with a total area of 362 sqm, was originally designed for hotel purposes and features 26 rooms and 7 additional spacious rooms for a restaurant and bar. Currently, it is rented as an apartment with a steady monthly income. The property has a 50,000,000 birr loan, and the owner is asking for 50,000,000 birr in hand, with a 2% commission applicable.

Key Features:

• Location: Germany Square Area
• Property Type: G+6 Building
• Area: 362 sqm
• Rooms: 26 rooms + 7 spacious rooms for restaurant and bar
• Designed for: Hotel
• Current Use: Rented as apartments
• Monthly Income: Yes
• Bank Loan: 50,000,000 birr
• Asking Price: 50,000,000 birr
• Commission: 2%
• Status: Urgent sale