Apartments for the elderly, Lower Saxony, Germany

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Apartments for the elderly, Lower Saxony, Germany

1,060,000 €
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Total area: 265 m² Yield: 4.5% Built in 2018
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Features
  • Operating Incomе: 47,680 €
  • 3-floor building
  • End of lease: 2038
  • Notary (state registration): 2.0%
  • Acquisition tax: 5.0%
  • Broker: 3.6%

Five flats in a nursing home under construction.

Decription

Total area of apartments is 265 m²

The construction of the new three-storey nursing home will be completed in Q2 2018. The nursing home will be included with 120 apartments with area of 42 — 70 m² Total area of the building is 5,900 m²

Apartments of the nursing home will be fitted with private kitchens, balconies and terraces. The building will be provided with a laundry.

There is a possibilty of payments by instalments.

The tenant is responsible for the management of the property.

Financial performance

Projected absolute annual income is 47,680 €.

The projected yield of 4.5%.

Tenants

The tenant is a nursing home chain.

The lease agreement was signed for 20 years with extension options for 2x5 years.

Transaction costs

Notary (state registration) is 2.5%.

Acquisition tax is 5%.

The brokerage fee is 3.57%.

Location and nearby objects

The nursing home is situated in the city with the population more than 30 thousand people, in the state of Lower Saxony. There is a public transport stop located within walking distance from the property. The distance to the airport of Munster-Osnabrueck is 30 kilometers.

Statistics in Germany

Price per m², €
4,749
Healthcare efficiency level
74
Crime rate
34
Real estate Price, €
Apartment in the city centre, m² 4,749.27
Apartment in a bedroom community, m² 3,287.01
Transport Price, €
Public transport, 1 ride 2.7
Monthly travel card 70.0
Taxi, 1 km 2.0
Petrol, 1 l 1.4
Food Price, €
Water, 1.5 l 0.35
Milk, 1 l 0.73
White bread, 500 g 1.29
Eggs, a dozen 1.67
Chicken fillet, 1 kg 7.33
Education Price, €
Kindergarten, per month 300.57
International school, per year 15,379.86
Health care index
Staff competence 77.95
Medical equipment 89.84
Research accuracy and completeness 75.51
Attitude towards patients 69.19
Security index
Crime rate 34.2
The risk of being robbed 32.38
The risk of car theft 31.92
The risk of break-in and property damage 42.93

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

More properties

If this property wasn’t for you, take a look at other retirement homes for sale in Germany.

You can see more retirement homes for sale in Lower Saxony elsewhere on our website.

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Enquire about this nursing home
Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 17 4822 0039
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services
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