Commercial in city Mönchengladbach
1029.00 sq.m.

€ 2 329 170

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Germany. Monchengladbach. Investment with fast income. The construction of a home for the elderly.
Land in Germany, 41063 Mönchengladbach, 1.380 m2
Object type Investment projects
Object code id16096
Property price 170 2 329 €
Monchengladbach
Year built 2020/2021 G.
Floor 1-2-3
Total area - land area 1380 m2
Status: free
Annual return on request €
The investor buys a plot, builds a house for elderly people and elderly people, then he surrenders to one tenant, a Fund or sold by the Fund
Distance to düsseldorf ~30 km
Status and description of the object for construction
Prior permission is obtained for construction of a building for the care of the elderly with a total area of 1029,3 m2 , just 3 floors:
1 floor 383,9 m2
2nd floor 375,4 m 2
3rd floor: 270.0 cm m 2
Costs
The purchase of a plot of 1380 m2 : 450,000 €
the brokerage costs of 7.14%: 32,130 €
Purchase tax (6.5%), notary (1.5%+VAT) 29,250+6,750=36,000 €
Construction: 1600 €/m2 1,029 m2 =1,646,400 €
Architect + design + others (10%): 164,640 €
Total: 2,329,170 €
Rental income per month: 1029 m 2 * 13,12 € = 13,500 €
year: 13,500 € * 12 months. = 162,000 €
Already have a tenant - a large company that already operates several similar facilities.
The construction period of 12-18 months
This project will be quickly and easily built because there is no underground garages and so box building is constructed simply and quickly.
Also finishing materials will be economy class (I don't need premium finishing materials)
In Germany, for the construction of a 5 years builders warranty and 2 years on finishing materials (tiles for example and so on...)
If the investor wants to sell immediately the object approximately it is possible to do will be + ~700 000 euros more expensive.
The profitability of the project (excluding financing) ~7%
* It is possible to obtain financing for construction of the facility in the presence of own capital of 30-40% (this is all greatly and from a particular investor depends)
* Long-term contract of lease of the building with the management/the operating company to care of the elderly for 10 years + 10 years option. A preliminary lease agreement with the managing/operating company for care of older people will be signed at the time of purchase of the site.
Separately if you want to control all of this project, full control for all time, stands alone + 80 000 euros
There is a choice of apartments and houses in various budget, including commercial facilities.

Seller information

Seller type Agency
Company YouLand

Location of the property on the map

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