Student accommodation - fully occupied and with potential for expansion (planning permission approved).

Summary:
- Selling price: €1.99 million
- Rentable living space: 1,102 m² => Selling price corresponds to approximately €1,800 per m² of living space.
- Annual net cold rent (current): €157,640 per year => Selling price corresponds to 12.6 times the annual rent, or a gross initial yield of 7.9%.
- Annual net cold rent (projected): Approximately €162,740 per year => Selling price corresponds to 12.2 times the annual rent, or a gross initial yield of 8.2%.
- Potential for expansion and development within the building (7 apartments) exists and has already been approved by the building authorities; potential for rent increase to approximately €200,000 per year.
- Further potential for development and rent increases through vacant former office space and a former swimming pool in the basement.
- Commission-free, directly from the owner.

The property offered is an established and popular student residence in a very central yet quiet location in Bad Mergentheim. The property is located adjacent to the city center and is only approximately 500 meters from the Baden-Württemberg Cooperative State University (DHBW). The train station is also in the immediate vicinity. The former sanatorium was built in 1961 (main building) and in 1970, respectively. Constructed in 1989 (with subsequent plantings), renovated in 1989, and finally converted into student housing in 2011. The property comprises 49 residential units (all with private bathrooms) and is currently fully occupied, generating an annual net cold rent of €157,640. The net cold rent can be increased to approximately €162,740 as part of the acquisition. Operating costs are passed on to tenants through a fixed operating cost charge. By expanding previously unused areas (including the entrance hall and former dining room), 7 additional apartments can be created within the building. Furthermore, additional parking spaces can be created in the currently unused garden area. Planning permission for this has already been obtained. By expanding these apartments and constructing the parking spaces, the annual net cold rent can be increased to almost €200,000. In the future, a former office space and a former swimming pool in the basement offer further potential for expansion and/or rent increases.

The property is located in a central and quiet residential area in the spa town of Bad Mergentheim, directly adjacent to the city center, which offers all essential amenities (including a shopping center, LIDL, ALDI, Norma, and EDEKA).

The property is within walking distance of the train station, as well as doctors' offices, restaurants, cafes, bakeries, and other shops. In the surrounding area, you will also find the Residenzschloss (residence castle) with the Baden-Württemberg Dual University, and the beautiful spa park.