| Type | Residential development |
|---|---|
| Living area approx. | 1102 m² |
| Year built | 1961 |
| Available from | sofort |
|---|---|
| Heating | Central heating |
| Fuel type | Gas |
| Plot area | 1610 m² |
|---|---|
| Parking spaces | 9 |
| Condition | Well kept |
| Type of energy certificate | Energy consumption |
| Floors in the building | 5 |
| Energy use (kWh/m² per year) | 111,6 |
| Rental income | 152.340 € |
| Purchase price | 1.990.000 € |
|---|---|
| Price per m² | 1,805.81 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsSummary:
- Sale price: €1.99 million
- Rentable residential area: 1,102 m² => sale price corresponds to approx. €1,800 / m² living area
- Annual net cold rent (actual): €152,340 p.a. => sale price corresponds to 13.1 times or 7.7% gross initial yield
- Annual net cold rent (after tenant changes): approx. €162,660 p.a. => sale price corresponds to 12.2 times or 8.2% gross initial yield
- Expansion and extension potential within the building (7 apartments) available and already approved under building law; rent increase to over €195,000 p.a. possible
- Further expansion and rent increase potential through vacant former practice area as well as former swimming pool in the basement
- No commission directly from the owner
The property on offer is an established and popular student residence in a very central yet quiet location in Bad Mergentheim. The property is immediately adjacent to the city center and only approx. 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 and 1989 (each extension), renovated in 1989 and finally converted into a student residence in 2011.
The 49 residential units in the property (all with their own bathroom) are currently fully rented and generate an annual net cold rent of €152,340. Through tenant changes combined with rent increases, the rent will rise to approx. €162,660 from 01/10/2026. Operating costs are passed on to tenants via a flat-rate service charge.
By converting previously unused areas (including the entrance hall and former dining hall), 7 additional apartments can be created within the building. In addition, further parking spaces can be created in the previously unused garden area. A building permit for this is already in place. By converting these apartments and building the parking spaces, the annual net cold rent can be increased to over €195,000.
In the long term, a former practice area and a former swimming pool in the basement offer further expansion and/or rent increase potential.
- Spacious communal kitchen and laundry room (with paid rental appliances) in the basement
- Fiber optic connection available
- Currently 8 parking spaces available, 1 of them covered
- Elevator available, but out of service
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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 important local amenities (including shopping center, LIDL, ALDI, Norma, EDEKA).
Within walking distance of the property, both the train station and doctors, restaurants, cafés, bakeries and other shopping facilities are easily accessible. In the immediate vicinity are also the Residenzschloss with the Baden-Württemberg Cooperative State University as well as the beautiful spa gardens.
