- 27,285,000 €
- 4.7% yield
- Darmstadt Nursing home 11,527,000 €
- Basic parameters
- Photo
№ 1,841,059
Retirement home 3,500 m² in Darmstadt
11,527,000 €
3,293 € /m²
- Apartments 57
- Yield 3.85%
- Constructed 2020
- Price per key —
Key project parameters
- Total area
- 3,500 m²
- Land area
- 4,000 m²
- Apartments
- 57
- Constructed
- 2020
Project description
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
- Agreement
- Yes
- End of lease
- 2045
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.
Financial performance
- Yield
- 3.85%
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.
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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
- 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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