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Nursing home under construction near Leipzig with a 6,3% yield

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Nursing home under construction near Leipzig with a 6,3% yield

6,500,000 €
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Total area: 3,287 m² Profitability: 6.3 %
  • Absolute return: 408,706 €
  • Land area: 5,360 m²
  • Year of construction: 2017
  • Renter: 100 %
  • Minimum owner's capital: 1,950,000 €
  • Number of parking lots: 13
  • Loan size: 70 % of the value of the object
  • Rate: 2.6 %
  • Loan term: 10 years
  • Notary (state registration): 1.5 %
  • Acquisition tax: 3.5 %
  • Broker: 4.0 %
  • Total premises: 69
  • Development

It is a nusrsing house being built on the outskirts of Leipzig, Saxony.


The building with total area of 3,287 m² will be built by early 2017.

The plot of 5,360 m².

The project provides 63 single rooms and 6 (1 reserved) double apartments in total.

There will also be a parking for 13 cars.

The object is already fully leased to a reliable tenant.

Construction approved by the public authorities.

Financial performance

Absolute income will be 408,706 €.

The projected yield of 6,3%.


Financing LTV 65% to 70% is possible.

For 3,400,000 € the interest rate would be at 0,75%, due to KfW-subsidised loans 10 years term. The rest would be at 2,61% for 10 years term.

Amort will be at 3–5%.

Upfront fee will be 50,000 €.


Tenant is a major German nursing home operating company which has more than 50 nursing homes in disposal.

Double Net lease contract is signed for 25 years until 2042 with an extension options for 2x5 years.

Due to the lease agreement operating expenses and minor repair costs are paid by the tenant, the land tax, the major repair and renewal of technical equipment as well as insurance are paid by the owner.

Transaction costs

The broker 's fee of 4% + VAT.

Real Estate Transfer Tax is 3,5%.

Notary fee of 1,5%.

There is a possibility to buy property as a Share-Deal asset which nullifies RE Transfer Tax.


The nursing home is situated in a central residential area close to the city council.

Public transport is right next to the development.

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Sofiya Bulanova
Sofiya Bulanova
Real Estate Expert Tranio in Leipzig
+44 20 3608 1267
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