Nursing home providing medical care in the suburbs of Darmstadt, Hessen, Germany

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Nursing home providing medical care in the suburbs of Darmstadt, Hessen, Germany

11,527,000 €
3,293 € /m²
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  • Total area
    3,500 m²
  • Yield
    3.85%
  • Built in 
    2020
Details
Property parameters
  • Land area: 4,000 m²
  • Total premises: 57
Financial performance
  • Annual income: 444,000 €
Tenants
  • Fully let
  • End of lease: 2045
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 5.0% + VAT

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.

At the moment, another assisted living residence is under construction, designed for 7 apartments for the elderly with a total living area of about 380 m².

Completion date: Summer 2021.

Tenants

The operator is a company that manages more than 15 nursing homes and other social facilities in Hessen and Rhineland-Palatinate. The company's annual turnover in 2018 exceeds 80 million euros.

The lease agreement with the operator is signed for 25 years.

Location and nearby infrastructure

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

More properties

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

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.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice
Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a nursing home purchase with a construction loan

Investment vehicle
Nursing home
Construction loan
Yield per annum
3.9%
8—10%
Investment budget
11,527,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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