In this constellation one speaks of “self-sufficient stalls”. For you or your husband as the lessor it is a matter of using the rental income to cover the costs of depreciation, insurance and maintenance of the building and the costs of the area.
- Determine the lease price: To do this, the current investment costs for such properties must first be approximated. Viewed from a distance, these can be assumed to be around € 350,000 to € 500,000, depending on the nature, the location and other influences. Due to the advanced useful life, you can apply a flat-rate discount of 50% to determine the lease costs. Assuming annual costs of 8% for depreciation, interest and maintenance for this “use value”, this results in a purely arithmetical annual amount between € 14,000 and € 20,000. With ten boxes, this corresponds to an average lease claim of € 1,700 per box and year or around € 140 per box and month.
- The market determines the price: Whether these lease income can actually be achieved depends to a large extent on the supply and demand for horse stalls in the respective region. The price level of such properties in or near metropolitan areas often exceeds that in structurally weak regions.
- Insurance: In any case, you should make sure that you or your husband as the lessor have a building insurance and that the lessee has at least one inventory and public liability insurance.
- Lease of pasture land: Here you can orientate yourself on the local lease price level, which you can ask your local farmer, for example. As a guide, around 400 to 600 € / ha and year apply.
- Salary: The working time that your husband would like to bring in for the maintenance of the pasture areas and the removal of the riding arena should be billed according to expenditure. The basic wage for those employed in agriculture is around € 20 per hour.
Numerous public and private concerns will be affected by your project. Please take adequate advice in advance.
(Episode 46-2021)
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