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.
The current annual income is 1,394,000 €.
The yield is 3.49%.
The expected annual yield is 1,566,000 €.
The property is fully let. The anchor tenant is a major company. The lease agreement was concluded in 2022 for 10 years.
Notary (state registration) is 1.5–2%.
Acquisition tax is 6%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
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.
