Day care facility – a part of the project of the boarding house for the elderly with specialized care and with a gross leased area of 7,018 m².
Description
The facility is intended for use during the day and includes 18 beds.
The construction of the boarding house which also includes 33 flats and 80 apartments is scheduled for the end of 2020. All flats and apartments are sold.
Deal type: Forward Deal.
The expected annual income is 51,129 €.
The expected yield is 4,4%.
Bank financing is possible. The required equity capital should be at least 40–50% of the purchase price.
The tenant is a specialized operator (leader in the region) with about 10 facilities under management, including facilities under construction, in several German lands.
The lease agreement is valid for 20 years with the extension option for 2x5 years.
The operator will acquire the property at the end of 2020.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6,5%.
The brokerage fee is 3% + 19% VAT (in total 3.57%).
The property is located in the federal state of North Rhine-Westphalia, in a city with a population of about 400 thousand people.
All major infrastructural facilities including public transport stops are located nearby. Also there are other nursing homes which residents are supposed to visit a day care facility.
The capital of the federal state is Dusseldorf. The largest city by population is Cologne. The population is 17.6 million people (the most populated state in Germany). It takes the 4th place in Germany by the area size. 29 of the 80 major German cities are located in the urbanized territory of NRW.
