Apartment building with service for the elderly, Rhineland-Palatinate, Germany

Additional information is provided after the signing of an NDA

Apartment building with service for the elderly, Rhineland-Palatinate, Germany

3,564,000 €
2,848 € /m²
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  • Total area
    1,251 m²
  • Yield
    5.6 %
  • Rental rate (m²/month)
    13 €
Details
Property parameters
  • Leasable area: 934 m²
  • Land area: 996 m²
  • Total premises: 24
  • 3-floor building
Financial performance
  • Annual income: 200,000 €
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 5.0 %
  • Broker: 6.0 %

The project of an apartment building with service for the elderly, modern bakery/ cafe and an outpatient office on the ground floor.

Description

The property is in the process of obtaining a building permit. The construction period is about 18 months.

The buidling will include 24 apartments.

There is a preliminary agreement with the local management company.

Deal type: Forward Deal.

Financial performance

The expected annual income is 200,000 €.

The expected yield is 5,6%.

Tenants

Two commercial spaces on the ground floor will be leased to the cafe/bakery (50 m²) and outpatient office.

The minimum cost of renting 1 m² is 17 €.

Transaction costs

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 5%.

Brokerage fee is 6% + VAT 19% (total 7,14%).

The cost of ownership

The cost of the services of the management company will be 15,000 €/year.

Location

The property is located in the federal state of Rhineland-Palatinate, in a town with a population of more than 20 thousand people. 1/5 of the population of the town are people over 65 years old.

Shops are located nearby. A good access to autobahns, it takes about 30 minutes to get to Mainz and about 40 minutes to get to Frankfurt Airport.

The distance to Frankfurt is about 70 km, which will also provide an influx of elderly people in a quiet and peaceful town.

Rhineland-Palatinate — the land in the south-western part of Germany. The capital is the city of Mainz. The population of the region is more than 4 million people.

Rhineland-Palatinate is ahead of all German lands in terms of export. Important sectors of the economy are the winemaking, chemical, pharmaceutical industry and the production of auto parts. The main employer is the chemical and processing industry, which is represented by BASF in Ludwigshafen. There is the Gas Industry Training Center (jointly with OAO Gazprom) in Rheinland-Pfalz.

Forests occupy about 42% of the entire Rhineland-Palatinate (the largest biosphere reserve in Central Europe).

The region is attractive for tourists due to a large number of museums, castles (over 200), churches, exhibitions.

  • Property on the map
    Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other retirement homes for sale in Germany.

You can see more retirement homes for sale in Rhineland-Palatinate elsewhere on our website.

Statistics in Germany

Price per m², €
4,962
Healthcare efficiency level
74
Index 74 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
65
Index 65 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 4,962.39
Apartment in a bedroom community, m² 3,420.66
Transport Price, €
Public transport, 1 ride 2.7
Monthly travel card 70.0
Taxi, 1 km 2.0
Petrol, 1 l 1.41
Food Price, €
Water, 1.5 l 0.34
Milk, 1 l 0.71
White bread, 500 g 1.29
Eggs, a dozen 1.84
Chicken fillet, 1 kg 7.35
Education Price, €
Kindergarten, per month 309.39
International school, per year 14,421.73
Health care index
Staff competence 76.94
Medical equipment 89.26
Research accuracy and completeness 75.75
Attitude towards patients 68.17
Security index
Crime rate 34.26
The risk of being robbed 32.33
The risk of car theft 31.76
The risk of break-in and property damage 43.13

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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