Nursing house project in East Holstein.
Description
A nursing house will include 89 beds and parking for 23 cars.
Building permit was received.
Financial performance
The expected annual income is 527,776 €.
The expected yield is 5,7%.
Tenants
The tenant is a company that provides care for older people with disabilities. Today the company manages two nursing houses, in the near future it plans to launch another 6 houses for the elderly.
The lease agreement is valid for 20 years with options to extend for 2x5 years.
Transaction costs
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 6,5%.
Brokerage fee is 4% + VAT 19% (total 4,76%).
Location and nearby infrastructure
The property is located in the federal state of Schleswig-Holstein, in a city with a population of about 1,000 people.
