Nursing house in Munich

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Nursing house in Munich

6,300,000 €
5,092 € /m²
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  • Total area
    1,237 m²
  • Yield
    4.6%
  • Built in 
    1982
Details
Property parameters
  • Land area: 9,954 m²
  • Number of parking lots: 13
  • 6-floor building
Financial performance
  • Annual income: 295,920 €
Tenants
  • Fully let
Property status
  • Most recent total renovation: 2016
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.0% + VAT

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%.

Location

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.

More properties

If this ad doesn't suit you, have a look at the other retirement homes for sale in Munich.

All ads in the country: retirement homes for sale in Germany.

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