Bad Gögging
in Bavaria

Property description and location

The future senior citizens' park at the Limes Therme in Bad Gögging will have a total of six buildings, which will house various forms of accommodation for the elderly. The generously designed ensemble blends in beautifully with its surroundings. It is already a benefit for all residents.

The holistic concept of the ERL Real Estate Group makes it possible to cater to the individual wishes of investors and owner-occupiers. The demand for age-appropriate housing will increase strongly and steadily over the next few decades.

The respective properties are leased to compassio for 25 years with a 5-year extension option. Long-term investors receive the monthly rental payments after the six-month pre-opening phase, irrespective of the occupancy of the facility.

Owner-occupation also possible - purchase prices € 413,900 - 430,900 (plus parking garage € 23,900)

Maintenance costs are not specified and must therefore still be taken into account.

Overview:

The senior citizens' park in Bad Gögging will have 96 care apartments (House B). The experienced and renowned care operator compassio will take over operation. The structural design focuses on the care of senior citizens in residential groups and promotes a contemporary

care concept.
In addition, 100 assisted living apartments (houses A, B, D, E) are being built. Living independently while still receiving support and assistance when needed is the main benefit for residents of assisted living. A care contract with compassio ensures that every resident is optimally protected.

There will also be 51 staff apartments (House C), which is a decisive advantage for the operating company when recruiting staff and a plus point for future employees. The senior citizens' park will be completed with a day care facility with 33 places (House C) and an outpatient assisted living community with ten apartments (House C). An office for the outpatient service and a fitness studio will be created in House A and a club room in House B.

• Units: 3 care apartments
• Purchase price: from € 341,600.00 per unit
• Apartment size: between 60.91 sqm and 60.91 sqm (incl. communal area)
• Year of construction: n.a.
• Rental yield: initial yield approx. 2.4 % p.a. in relation to the purchase price
• Address: Kaiser-Augustus-Straße 16-34, 93333 Neustadt an der Donau, Germany
• Operator: