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

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

1,733,000 €
2,678 € /m²
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  • Total area
    647 m²
  • Yield
    4.2%
  • Built in 
    2000
Details
Financial performance
  • Annual income: 72,019 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 6.5%
  • Broker: 3.0% + VAT

10 apartments in a nursing house.

Description

The nursing house includes 64 single apartments, a double apartment, 20 superior comfort apartments, a kitchen, common living rooms and bathrooms.

There is a clothing store and an Italian ice cream parlor on the ground floor of the building.

The apartments range from 47 m² to 98 m².

The building was built in 2000.

Financial performance

Absolute annual income is 72,019 €.

The current yield of 4.2%.

Tenants

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

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

The broker's fee of 3%.

Location and nearby infrastructure

The building is located in one of the towns of North Rhine-Westphalia. The population of the town is more than 50 thousand people. A hotel, a pharmacy, restaurants and cafes, banks, a hairdresser, a hospital, shops and supermarkets are situated not far from the building. The airport is located in an hour's drive from the building.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a apartment units purchase with a construction loan

Investment vehicle
Apartment units
Construction loan
Yield per annum
4.2%
8—10%
Investment budget
1,733,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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