Nursing house in Munich

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Nursing house in Munich

6,300,000 €
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Total area: 1,237 m² Yield: 4.6% Built in 1982
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Features
  • Absolute return: 295,920 €
  • Land area: 9,954 m²
  • 6-floor building
  • Percentage of the rented area: 100%
  • Number of parking lots: 13
  • Most recent total renovation: 2016
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.8%

It is a nursing house with ambulant services near the center of Munich.

Description

The total area of a six-storey building is 1,237 m².

The plot of 9,954 m².

The property was built in 1982 and has been renovated in 2016, good overall condition.

There is a parking for 13 cars.

The nursing house is fully leased out to a major tenant.

Financial performance

Absolute income is 295,920 €.

The current yield of 4,6%.

Tenants

The tenant is a managing company.

The lease agreement is signed for 15 years until 2031 with extension options for 2x5 years.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 3,5%.

The broker's fee of 4,76%.

Location and nearby objects

The property is situated in one of the central areas of Munich just 4 km from the Marienplatz.

There are shops, supermarkets, cafes, restaurants, pharmacy and public transportation in the neighborhood.

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Supermarkets
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Schools
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Cafe and restaurants
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Hospitals
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Airports
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Enquire about this nursing home
Sofiya Bulanova
Sofiya Bulanova
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services