Nursing home in Saarland

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Nursing home in Saarland

2,400,000 €
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Total area: 1,420 m² Yield: 6.9% Built in 1900
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Features
  • Absolute return: 165,000 €
  • Land area: 907 m²
  • 3-floor building
  • Percentage of the rented area: 100%
  • Minimum owner's capital: 1,200,000 €
  • Number of parking lots: 5
  • Most recent total renovation: 2014

It is a nursing home with commercial space located in one of the cities of Saarland.

Description

A three-storey nursing home with a total area 1,420 m² was built in 1900.

There is one commercial space area of 178 m² in the building in addition to residential premises. All the space is leased out.

Parking is available for five cars.

The property was completely renovated and in November 2014. All work was carried out very carefully, meeting all the requirements of the quality of nursing homes.

Financial performance

Absolute income is 165,000 €.

The current yield of 6,9%.

Tenants

The tenants of the building are a elderly care company and a flower shop. The lease agreement is signed for 15 years until 2029.

Location

The property is located near a large shopping mall. There are many shops and restaurants nearby.

Bus stop, train station, motorway A6, A8, federal highway B41 are in close proximity of the area.

More properties

If this property wasn’t for you, take a look at other retirement homes for sale in Germany.

You can see more retirement homes for sale in Saar elsewhere on our website.

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Sofiya Bulanova
Sofiya Bulanova
Investment Consultant
+44 20 3608 1267
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