Student accommodation complex - fully occupied and with development potential (planning permission approved).

Summary:
- Selling price: €1.99 million
- Rentable living space: 1,102 m² => Selling price equates to approximately €1,800 per m² of living space.
- Annual net cold rent (current): €152,340 per year => Selling price represents 13.1 times the annual rent, or a gross initial yield of 7.7%.
- Annual net cold rent (after tenant changes): approximately €162,660 per year => Selling price represents 12.2 times the annual rent, or a gross initial yield of 8.2%.
- Potential for further development and expansion within the building (7 apartments) exists and has already been approved by building authorities; potential for rent increases to over €195,000 per year.
- Further development potential and rent increases possible through vacant former office space and a former swimming pool in the basement.
- Commission-free, direct 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 directly adjacent to the city center and 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 (each building), renovated in 1989, and finally converted into student accommodation in 2011. The property currently comprises 49 residential units (all with private bathrooms) and is fully let, generating an annual net cold rent of €152,340. Due to tenant turnover and rent increases, the rent is expected to increase to approximately €162,660 starting October 1, 2026. Operating costs are passed on to tenants through a service 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 developed 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 over €195,000. In the future, a former medical practice area 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.