Construction project of a nursing home in Bavaria, Germany

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Construction project of a nursing home in Bavaria, Germany

3,600,000 €
576 € /m²
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  • Total area
    6,240 m²
  • Built in 
    2019
Details
Property parameters
  • Land area: 5,200 m²
Financial performance
  • IRR: 21.0%
Tenants
  • End of lease: 2045
Loan
  • Rate: 2.0%
  • Loan term: 2 years
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 3.5%
  • Broker: 3.0% + VAT

An investment project.

Description

Construction project of the nursing home with 140 beds (90 rooms for permanent care and 40 apartments for independent living).

The projected area of the building is 6,240 m²

The land plot area is 5,200 m²

The investor has the opportunity to sell the nursing home after the completion of the construction or to leave the object and lease it out.

Financial performance

The total cost of the project is 13 million euros.

The required capital of the investor is 3.6 million euros.

The amount of bank financing is 9.4 million euros.

The IRR of the investor is 21%.

Loan

Bank interest rate: 2%.

Bank loan term: 2 years.

Tenants

The tenant of the property is a nursing home.

The lease agreement is signed for 25 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3.5%.

The broker's fee of 3%.

Location and nearby infrastructure

The project is located in the city with the population of about 5 thousand people. The city center and the state clinic are situated within walking distance from the property. The distance to Munich is about 140 kilometres.

More properties

If this ad doesn't suit you, have a look at the other retirement homes for sale in Bavaria.

All ads in the country: retirement homes for sale in Germany.

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