Ten apartments.
Description
The total area of the flats is 548 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 79,363 €.
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%.
The broker's fee of 3%.
The cost of ownership
The management company costs 6,017 € per year.
Location
The nursing home is located in the city with the population of about 30 thousand people, in the state of Rheinland-Palatinate.
