Construction project of a nursing home in Bavaria, Germany

Additional information is provided after the signing of an NDA

Construction project of a nursing home in Bavaria, Germany

3,600,000 €
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Total area: 6,240 m² Completion in 2019.IV
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Features
  • Land area: 5,200 m²
  • IRR 21.0%
  • Rate: 2.0%
  • Loan term: 2 years
  • End of lease: 2045
  • Notary (state registration): 2.0%
  • Acquisition tax: 3.5%
  • Broker: 3.6%

An investment project. 

Description

Construction project of the nursing home with 140 beds (90 rooms for permanent care and 40 apartments for independent living).

The projected area of the building is 6,240 m²

The land plot area is 5,200 m²

The construction of the property will be completed on December 31, 2019.

The investor has the opportunity to sell the nursing home after the completion of the construction or to leave the object and lease it out.

Financial performance

The total cost of the project is 13 million euros.

The required capital of the investor is 3.6 million euros.

The amount of bank financing is 9.4 million euros.

The IRR of the investor is 21%.

Loan

Bank interest rate: 2%.

Bank loan term: 2 years.

Tenants

The tenant of the property is a nursing home.

The lease agreement is signed for 25 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3.5%.

The brokerage fee is 3.57%.

Location and nearby objects

The project is located in the city with the population of about 5 thousand people. The city center and the state clinic are situated within walking distance from the property. The distance to Munich is about 140 kilometres.

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 Bavaria elsewhere on our website.

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Enquire about this nursing home
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    When you submit a request, you agree to our terms and conditions
    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services