Apartment package in a nursing home with a guaranteed yield of 3.3%, Hesse, Germany

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Apartment package in a nursing home with a guaranteed yield of 3.3%, Hesse, Germany

496,000 €
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  • Yield
    3.3%
  • Rental rate (m²/month)
    12 €
  • Built in 
    2022
Details
Property parameters
  • Leasable area: 116 m²
  • Total premises: 2
Financial performance
  • Annual income: 17,000 €
Tenants
  • Fully let
  • End of lease: 2047
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 3.0% + VAT

Package of 2 apartments in a nursing home under construction in the federal state of Hesse.

Description

Package of 2 apartments with a total area of 116 m² (58 m² each).

Completion date: 2022.

Financial performance

The annual income is 17,000 €.

The yield is 3.3%.

Tenants

All apartments are rented out. The operator is a company that operates 15 centers for the elderly in Germany.

The lease was concluded for a period of 25 years with an option of extension for 5 years.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

Brokerage fee is 3% + VAT 19% (total 3.57%).

Location and nearby infrastructure

The property is located in the federal state of Hesse, 30 km from Frankfurt. Hanau and Frankfurt can be easily reached by bus with frequent regular traffic and via quickly accessible train stations.

Hesse is a state in the west-central part of Germany. Hesse is bounded by the states of Lower Saxony to the north, Thuringia to the east, Bavaria to the southeast, Baden-Württemberg to the south, Rhineland-Palatinate to the west, and North Rhine–Westphalia to the northwest. Its capital is Wiesbaden.

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    Marina Filichkina
    Marina Filichkina,
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