It is a nursing home investment under construction in the city not far from Cologne and Düsseldorf.
Description
The property is located on a plot of 3,283 m².
The future nursing home will accomodate 80 nursing places and 13 assisted living apartments.
Completion is scheduled for the fourth quarter of 2017, the tenant will move in immediately after commissioning.
Financial performance
Absolute income will be 529,884 €.
The projected yield of 5,3%.
Tenants
Tenant is AAA operator from Germany.
The lease agreement is signed for 20 years until 2037. Indexing by legislation in North Rhine-Westphalia.
Transaction costs
Notary fee of 1,5%.
RE purchase tax of 6,5%.
The broker's fee of 5,95%.
