Nursing home in Bavaria

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Nursing home in Bavaria

4,199,000 €
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Total area: 1,349 m² Yield: 6.1% Built in 1918
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Features
  • Operating Incomе: 258,000 €
  • 3-floor building
  • Occupancy: 100%
  • Most recent total renovation: 2013
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Total premises: 41

It is a nursing home investment in a small town in Bavaria with a population of more than 5,000 people.

Description

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.

Financial performance

Absolute income is 258,000 €.

The current yield of 6,1%.

Tenants

Tenant is a management company.

The lease agreement is valid for another 17 years, there are extension options for 2x5 years.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 3,5%.

Location and nearby objects

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.

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Enquire about this nursing home
Sofia Bulanova
Sofia Bulanova
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services