Acting kindergarten, total area is 590 sq.m. are leased for 20 years of the Evangelical Church in the town of Witten. Kindergarten is included in the largest network of pre-school institutions in Germany since 2001 Kita. The building was fully reconstructed and put into operation in 2014.
The town of Witten is in a Central yet very quiet location in Nordrhein - Westfalen, between the cities of Dortmund and Dusseldorf. The population is about 101,000 people (as of 2005).
The lease agreement is concluded with August 2014. Rental period: 20 years plus an option of prolongation 2x5 years.
Land rent per year is 200 Euro for 30 years, without increasing. Annual rental income 56,010.16 Euros. Rent increases every year according to the contract by 1.5 %. Payment of all utility services is made by the lessee. Initial yield is 6.67 % per annum. The final yield cent to 8.85 % APR. The average yield for the whole period 7.76 % APR. The cost of the object: 8,400 Euro. Detailed information is available on request. The documents are ready to deal.
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