A nursing home under construction in the suburbs of Wolfsburg.
The total area of the property is 1,330 m² and includes general and intensive care chambers (746 m²), outpatient and residential premises, and terraces (95 m²).
The parking for 12 cars is available on the territory of the property (2 places for disabled people).
The project is in the ”Construction Permit“ stage and it can be transferred to the buyer at this stage or on a turn-key basis“ The cost of the ”turnkey“ project is 4,800,000 euros.
The buyer has the right to participate in the planning of individual parts.
The completion of the construction — the second quarter of 2019.
The current yield of 7,0%.
The tenant is a large organization that cares for older persons, numbering about 300 employees.
The lease agreement is valid for 20 years.
Type of agreement: Fixed lease (the yield is guaranteed).
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 5,0%.
Brokerage fee is 4% + VAT 19% (total 4,76%).
The nursing home is located near the city of Wolfsburg, known for being the headquarters of the Volkswagen concern.
The property belongs to the industrial region of Gifhorn, one of the largest in Lower Saxony. The region has a developed metal-working, construction, printing industry, as well as services and agriculture.
The area is popular with tourists because of the proximity of the Luneburg Heath.
The area has a well-developed infrastructure: shops, pharmacies, a large shopping park and hotels are in close proximity. Nearby there are public transport stops and access to the motorway.
The distance to Wolfsburg is 10 km, to the Volkswagen plant — 8 km, to Braunschweig — 40 km.