Nursing home, North Rhine-Westphalia, Germany

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Nursing home, North Rhine-Westphalia, Germany

12,500,000 €
3,923 € /m²
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  • Total area
    3,186 m²
  • Yield
    5.2%
Details
Property parameters
  • Land area: 4,200 m²
  • 5-floor building
Financial performance
  • Annual income: 650,000 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 4.0% + VAT

Apartments with a social assistance at home.

Description

The property consists of 55 apartments and 10 commercial premises.

The nursing home includes 5 floors. There is a medical office on the ground floor.

The building has an elevator.

Financial performance

Absolute annual income is 650 00 €.

The current yield of 5.2%.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 6.5%.

Brokerage fee is 4% + 19% VAT (in total 4.76%).

Location and nearby infrastructure

The property is located in a town in the federal state of North Rhine-Westphalia. The population of the town is more than 50 thousand people. There are federal highways and freeways near the town.

Distance from major cities is:

  • 9 km from Cologne
  • 28 km from Bonn
  • 53 km from Dusseldorf

There is a supermarket, pharmacies, restaurants withing walking distance from the building. There are bus stops and metro stations nearby. The train station is located in 3 km away.

More properties

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

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
5.2%
8—10%
Investment budget
12,500,000 €
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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