It is an investment package of ten apartments in nursing house.
Description
Four-storey nursing house was constructed and put into operation in 2008.
There are 119 apartments in total worth 150,000 – 180,000 €, including:
- 101 singles with shower and WC;
- 18 doubles with shower and WC.
The property is in good overall condition, all apartments are leased out to two management companies.
Financial performance
Absolute income is 62,880 €.
The current yield of 4%.
Tenants
Tenants are major management companies Casa Reha and WH Care Holding GmbH.
The lease agreement with Casa Reha was signed for 20 years until 2028.
The agreement with WH Care Holding GmbH was signed for 15 years until 2023.
Transaction costs
Notary fee of 1,5%.
RE purchase tax of 3,5%.
The broker's fee of 6%.
