- 27,285,000 €
- 4.7% yield
- Hessen Apartments package 985,000 €
- Basic parameters
- Photo
№ 2,032,275
Block of flats in Hessen
985,000 €
- Total area —
- Yield 4.0%
- Lease term 2047
- Constructed 2022
Key project parameters
- Leasable area
- 230 m²
- Constructed
- 2022
Project description
Package of 4 apartments in a nursing home under construction in the federal state of Hesse.
Description
Package of 4 apartments with a total area of 230 m² (57 m² each).
Completion date: 2022.
Extra information
Private restricted area
Tenants
- Agreement
- Yes
- End of lease
- 2047
All apartments are rented out. The operator is a company that operates 15 centers for the elderly in Germany.
The lease was concluded for a period of 25 years with an option of extension for 5 years.
Financial performance
- Yield
- 4.0%
The annual income is 34,000 €.
The yield is 3.3%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 3% + VAT 19% (total 3.57%).
Location and nearby infrastructure
The property is located in the federal state of Hesse, 30 km from Frankfurt. Hanau and Frankfurt can be easily reached by bus with frequent regular traffic and via quickly accessible train stations.
Hesse is a state in the west-central part of Germany. Hesse is bounded by the states of Lower Saxony to the north, Thuringia to the east, Bavaria to the southeast, Baden-Württemberg to the south, Rhineland-Palatinate to the west, and North Rhine–Westphalia to the northwest. Its capital is Wiesbaden.
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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.
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Property maintenance and insurance
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Search for tenants, contracting, and control over rent collection
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Arrangements for bookkeeping and tax advice
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- annual yield
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- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
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Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
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At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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