- 27,285,000 €
- 4.7% yield
- Cologne Nursing home 39,950,000 €
- Basic parameters
- Photo
№ 2,280,580
Retirement home in Cologne
39,950,000 €
- Apartments 240
- Yield 4.0%
- Constructed —
- Price per key —
Key project parameters
- Leasable area
- 9,420 m²
- Apartments
- 240
- Number of parking lots
- 100
Project description
Description
The nursing home with a leasable area of 9,000 m² consists of 230 one- and two-bedroom apartments.
The apartment building with a leasable area of 420 m² consists of 10 flats.
There is a parking for 100 cars, renovated in 2020.
Equipment: new gas heating (2019), elevator.
Extra information
Car parks
Elevator
Tenants
- Agreement
- n/a
The property is fully let. The anchor tenant is a major company. The lease agreement was concluded in 2022 for 10 years.
Financial performance
- Yield
- 4.0%
The current annual income is 1,394,000 €.
The yield is 3.49%.
The expected annual yield is 1,566,000 €.
Transaction costs
Notary (state registration) is 1.5–2%.
Acquisition tax is 6%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
Location and nearby infrastructure
The building is located 10 km from the center of Cologne.
Cologne is the largest city of Germany's most populous federal state of North Rhine-Westphalia and the fourth-most populous city in Germany. The population of the city is more than 1 million people.
North Rhine-Westphalia is the land of the Federal Republic of Germany with a population of 17.5 million people (the most populated of the German lands). It ranks 4th in Germany in terms of area.
22% of Germany’s GDP comes from NRW. The main industry in NRW is engineering and equipment manufacturing, biotechnology, chemical industry, and etc.
North Rhine-Westphalia is the center of trade in Germany, because it houses the headquarters of several leading German trading concerns with the largest turnover, for example, Deutsche Telekom AG, ALDI NORD, Die Deutsche Post, Bayer, Lufthansa Group, REWE. DE.
More properties
If this ad doesn't suit you, have a look at the other retirement homes for sale in Cologne.
All ads in the country: retirement homes for sale in Germany.
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
Diversify your portfolio - invest from $1 million in the construction of residential complexes in Dubai
- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
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
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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