Magdeburg - Zollstraße 6-7
in Saxony-Anhalt

Property description and location

Good reasons for investors

• Existing property with 102 apartments, an outpatient service and a day care center
• Year of construction 1967 / conversion by previous owner approx. 2001-2002 / cosmetic repairs, new kitchens and aesthetic upgrading of the bathrooms for re-letting in 2024 by Carestone
• Fantastic location on the Elbe island in the Magdeburg-Werder district
• RENAFAN GmbH as a forward-looking operator
• Pre-occupancy rights for owners and relatives
• Newly concluded lease with a good 19 years remaining
• Immediate rental income after payment of the purchase price

• Units: 103 care apartments
• Purchase price: from € 104,445.00 per unit
• Apartment size: between 27.35 sqm and 71.63 sqm (incl. communal area)
• Year of construction: n.a.
• Rental yield: initial yield approx. 4.00 % p.a. in relation to the purchase price
• Adresse: Zollstraße 6-7, 39114 Magdeburg, Germany
• Operator: The group of companies started in 1995 as an outpatient care center in Berlin Tegel. It was founded by RENAte Günther, then head of nursing services, and the Chinese electronics and physics student Shaodong FAN. The first customer was Renate Günther's mother. RENAFAN is now one of the largest private care providers in Germany and, according to its own information, looks after more than 9,900 customers. In addition to 90 locations in Germany, RENAFAN also operates seven care homes in Austria and also offers its care services at 20 locations in China.The mission statement includes offering individual solutions "that adapt as seamlessly as possible to needs and promote health and independence," says RENAFAN. "To make this work, we have built up a care network that has the right offer for every care need." In 2023, RENAFAN was awarded the "Großer Preis des Mittelstandes" business prize for HR strategy, understanding of care and corporate development. Facts & Figures
  • Founded in 1995 by Renate Günther and Shaondong Fan
  • more than 5,000 employees
  • 90 locations in Germany
  • Head office in Berlin-Tegel