- 27,285,000 €
- 4.7% yield
- Hessen Nursing home 7,475,000 €
- Basic parameters
- Photo
№ 1,794,364
Retirement home 6,500 m² in Hessen
7,475,000 €
1,150 € /m²
- Apartments —
- Yield 4.0%
- Constructed 1974
- Price per key —
Key project parameters
- Total area
- 6,500 m²
- Land area
- 3,195 m²
- Floors
- 8
- Constructed
- 1974
Project description
Nursing home with a long-term lease agreement.
Description
The nursing home is located in the green suburb of Heidelberg and is suitable for a comfortable stay of 72 people.
The existing infrastructure allows for comprehensive care for older people.
The facade was refurbished in the period from 2016 to 2018. The condition of the interior areas is good. Some modernization will be carried out at the expense of the tenant.
Tenants
- Agreement
- Yes
- End of lease
- 2044
The lease agreement is valid for 25 years + an extension option for 1x5 years.
Lease type: Double Net Lease — the tenant pays taxes and insurance.
The tenant is a dynamic company in the field of care for the elderly.
The company has near 10 nursing homes under management.
Financial performance
- Yield
- 4.0%
Absolute annual income: € 429,600
Current yield: 5.7%.
Transaction costs
Notary (state registration) — 1.5–2%
Real estate purchase tax — 6%
Broker's commission 4% + 19% VAT (total 4.76%)
Location and nearby infrastructure
The property is located in the town in the federal state of Hesse.
The distance to Frankfurt am Main is about 90 km, to Mannheim and Heidelberg — about 40 km.
The population of the town where the property is located is growing, due to the increase of retired people number. More than half of the total population are people over 45 years old, about 22% are people over 65 years. In Mannheim, located in the neighborhood, this figure stands at 19%.
In general, the aging of the indigenous population in Germany is also increasing. 21% of people are over 64 years old, this is the third largest indicator in Europe.
More properties
If this ad doesn't suit you, have a look at the other retirement homes for sale in Hessen.
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
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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
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At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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