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

Additional information is provided after the signing of an NDA

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

1,473,000 €
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Total area: 491 m² Yield: 4.8% Built in 2017
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Features
  • Operating Incomе: 70,690 €
  • 3-floor building
  • Occupancy: 100%
  • End of lease: 2037
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.5%
  • Broker: 3.6%

10 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 70,690 €.

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 brokerage fee is 3.57%.

Location and nearby objects

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.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
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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