Practice days at the Ärztehaus (medical center) in Bad Homburg – 5.55% return, commission-free.

PROPERTY DESCRIPTION
Solid return, positive cash flow from day one, and a location that retains its value: This rented medical practice space on the top floor of a city medical center in the heart of Bad Homburg offers investors exactly this combination. Here are the key advantages at a glance:
• 5.55% return (factor 18.0) – Net cold rent of €40,800 per year
• Positive cash flow from day 1: With 30% equity, 4.0% interest, and 2% repayment, you have a monthly surplus of approximately €628 – in addition, you build approximately €858 in assets per month through the repayment.
• Tenant for over 30 years: Gastroenterology specialist practice, with no termination.
• Index-linked rent: On average, approximately 2.5% rent increase per year since 2012 – inflation-protected.
• Heating system to be completely renewed in 2025.
• 4 parking spaces included, worth approximately €60,000.
• Commission-free – directly from the owner.

The Property
For sale is the entire medical practice space on the top floor of the established City Medical Center located at Haingasse 20–22. The building houses a pharmacy on the ground floor and numerous specialist and dental practices; a passenger elevator serves all floors. The floor space is approximately... The property, with a total area of 209 m², consists of two separate units that were combined in 2006 to create a spacious medical practice: reception area, waiting room, 6 treatment and examination rooms (endoscopy, proctology, sonography, doctor's office), hygiene/sterilization room, staff room, changing room, 5 toilets, and a separate storage and heating room. The property also includes 4 parking spaces (with exclusive usage rights), one of which is located on the lower parking level.

Details of the lease agreement:
- Tenant: A group practice for gastroenterology and colorectal surgery, located at this site for over 30 years.
- Base rent: €3,400 per month (since January 1, 2026, including parking spaces), plus €640 for utilities.
- Unconditional lease, last extended until December 31, 2031.
- Indexation clause (consumer price index), annual adjustment on January 1st, last adjusted on January 1, 2026.
- The tenant is responsible for cosmetic repairs and the maintenance of the heating and air conditioning systems.

What the purchase price includes:
- 4 parking spaces: Parking spaces in the center of Bad Homburg are typically offered for €25,000–€28,000 each. The asking price is €15,000 per space, totaling €60,000.
- Remaining €675,000 for the practice space = approximately... €3,230 per square meter – below the asking prices for smaller office and medical spaces in Bad Homburg (approximately €3,400–€4,000 per square meter). - Renovations completed: Heating system, including exhaust pipes, completely renewed in 2025 for a five-figure sum; air conditioning/ventilation system (Mitsubishi) serviced in 2025. - Moderate rent of approximately €15 per square meter (medical space portion) – asking rents in the city center range up to €17.50 per square meter. - No commission: approximately €43,700 savings compared to a buyer's commission of 5.95% including VAT. - Flexible exit options: two separate property units with their own land registry entries. FEATURES:
- Passenger elevator, staircase, pharmacy on the ground floor.
- Heating system completely renewed in 2025: gas condensing boiler including exhaust pipes, exhaust flap and sludge separator, gas line inspected.
- Air conditioning/ventilation system, serviced in 2025 by a specialist company (fan motors replaced).
- Functional layout for medical practice with a separate hygiene/preparation room.
- Private storage and boiler room.
- 4 parking spaces: 3 in the upper parking area, 1 in the lower parking level.
- Additional right of use for approximately 9 square meters of communal space (owner's decision).

Value in a Prime Location: Bad Homburg vor der Höhe is one of the most desirable locations in the Rhine-Main region – a spa town, the district capital of the Hochtaunus district, and the headquarters of the healthcare company Fresenius. The Hochtaunus district has a purchasing power index of 128.2, making it one of the four districts with the highest purchasing power in Germany (for comparison: Hesse 102.4, Germany 100; NIQ 2026).

Haingasse 22 is located on Kaiser-Friedrich-Promenade, in the heart of the city. The pedestrian zone of Louisenstraße, the Kurpark (spa park), the Kurhaus (spa building), the castle, and the old town are all within walking distance. Clinics such as the Paul-Ehrlich-Klinik and the Wicker-Klinik are located in the immediate vicinity.

Frankfurt can be reached via the Bad Homburger Kreuz (A5/A661) in approximately 15 minutes, and the airport in approximately 20 minutes. The S5 and U2 lines connect to Frankfurt; the extension of the U2 line to Bad Homburg station is currently under construction and is scheduled for completion in December 2025.

For specialist internal medicine physicians, the Rhine-Main planning area has restricted access (KV Hessen, 04/2026). New general practice clinics are rarely established, while established practices in established locations remain in high demand.