Apartment package in a nursing house, North Rhine-Westphalia, Germany

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Apartment package in a nursing house, North Rhine-Westphalia, Germany

756,000 €
3,000 € /m²
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  • Total area
    252 m²
  • Yield
    4.8%
  • Built in 
    2017
Details
Property parameters
  • 3-floor building
Financial performance
  • Annual income: 36,292 €
Tenants
  • Fully let
  • End of lease: 2037
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.5%
  • Broker: 3.0% + VAT

5 apartments in a nursing house.

Description

The nursing house includes 80 one-bed apartments with a bathroom, a fully equipped kitchen, a furnished dining room, lounge areas and a living room with a fireplace.

The apartments range from 48.41 m² to 53.55 m².

The building was built in 2017.

Financial performance

Absolute annual income is 36,292 €.

The current yield of 4.8%.

Tenants

The tenant is an organization for the care of the elderly.

The lease agreement is valid through 2037 and includes extension options for 1х5 years and 1х4,5 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

The broker's fee of 3%.

Location

The building is located in one of the towns of North Rhine-Westphalia. The population of the town is more than 40 thousand people. Supermarkets, cafes and a park are situated not far from the building.

More properties

If this ad doesn't suit you, have a look at the other block of flats for sale in North Rhine-Westphalia.

All ads in the country: block of flats for sale in Germany.

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