It is a nursing home investment in a small town in Bavaria with a population of more than 5,000 people.
The area of the three-storey building is 1,349 m².
The property was built in 1918, the addons were constructed in 1991 and 1998. Full renovation took place in 2013.
There are 41 rooms with a private bathroom in total, some of them have balconies.
The property is fully leased out to a management company.
Absolute income is 258,000 €.
The current yield of 6,1%.
Tenant is a management company.
The lease agreement is valid for another 17 years, there are extension options for 2x5 years.
Notary fee of 1,5%.
RE purchase tax of 3,5%.
The nursing home is located within walking distance from the city center, away from busy traffic.
There are shops in the immediate vicinity of the area.