A new care center for the elderly with a lease agreement for 25 years.
Description
The center providing medical care for the elderly includes 50 rooms designed for one person each.
The property will be ready in mid-2020.
The absolute annual income is 329,500 €.
The yield is 3.7%.
The operator is a company that manages more than 16 nursing homes and other social facilities in Hessen and Rhineland-Palatinate (about 40). The company's annual turnover in 2018 exceeds 80 million euros.
The lease agreement with the operator is signed for 25 years.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
The brokerage fee is 5% + 19% VAT (in total 5.95%).
The property is located 30 km from Darmstadt, in a city with a population of more than 10 thousand people. The city has a developed infrastructure, there are chain stores, banks, as well as an intercity metro line that allows you to get to Frankfurt in an hour.
Darmstadt is the 4th largest city in the state of Hessen after Frankfurt am Main, Wiesbaden and Kassel.
About 161,000 people live in Darmstadt, and about 431,000 people live in urban agglomeration (according to Eurostat data).
The advantage of Darmstadt is a close proximity to Frankfurt Airport (the main transport hub of Europe) and the Frankfurt Fair (about 200,000 visitors and more than 2,400 exhibitors annually).
The main industries that determine the Darmstadt economy are: IT, chemical and pharmaceutical (plants of Merck KGaA), engineering and space technology.
There are numerous local research institutes in Darmstadt.
The distance to the nearest major cities:
- Frankfurt am Main and Offenbach — about 30 km
- Wiesbaden and Mainz — about 40 km
- Mannheim — about 45 km
- Heidelberg — about 55 km
