Apartment package in a nursing home, Rhineland-Palatinate, Germany

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Apartment package in a nursing home, Rhineland-Palatinate, Germany

960,000 €
3,855 € /m²
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  • Total area
    249 m²
  • Yield
    4.5 %
Details
Property parameters
  • 3-floor building
Financial performance
  • Annual income: 43,204 €
Tenants
  • Fully let
  • End of lease: 2026
Property status
  • Most recent total renovation: 2002
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 5.0 %
  • Broker: 3.6 %

Five apartments.

Description

The total area of the flats is 249 m².

The nursing home consists of 67 apartments (58 single apartments and 9 partner apartments). In 2002, the building was renovated.

Apartments are furnished.

Financial performance

Absolute annual income is 43,204 €.

The current yield of 4.5%.

The nursing home guarantees a rental income even if the apartment is not inhabited.

Tenants

The tenant is an organization that cares for older persons.

The lease agreement is valid through 2026.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5%.

Brokerage fee is 3.57%.

The cost of ownership

The management company costs 2,843 € per year.

Location and nearby infrastructure

The nursing home is located in the city with the population of about 30 thousand people, in the state of Rheinland-Palatinate.

  • Property on the map
    Location right down to the building, street or city

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 Rhineland-Palatinate elsewhere on our website.

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