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.

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 Bavaria elsewhere on our website.

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Enquire about this nursing home
Julia Morozova
Julia Morozova
Senior 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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