Pirmasens
in Rhineland-Palatinate

Property description and location

Good reasons for investors

• Attractive new building for an inpatient care facility + existing building with adjoining extension
• 25-year lease with 1 x 5-year extension option
• Alloheim is the largest private operator in Germany
• Pre-occupancy rights for owners and relatives at almost 300 locations
• Possibility of declining balance depreciation

• Units: 72 care apartments
• Purchase price: from € 224,825.14 per unit
• Apartment size: between 61.64 sqm and 126.32 sqm (incl. communal area)
• Year of construction: n.a.
• Rental yield: initial yield approx. 3.50 % p.a. in relation to the purchase price
• Address: Gärtnerstraße, 66953 Pirmasens, Germany
• Operator: Alloheim is Germany's largest private care operator. The company was founded by Alois Mollik in 1973 with the opening of the first home "Anna Margareta" in Bad Marienberg in the Westerwald. Due to its nickname "Allo", the house was only referred to as "Allo's home" by the locals - this is how the name Alloheim came about. Alloheim now operates homes throughout Germany. The mission statement is "We serve your quality of life". Alloheim sees itself as a service provider for people in need of care - a service provider with an impressively extensive range of services. Facts & Figures
  • Family business founded in 1973
  • Over 260 inpatient care facilities, 95 assisted living facilities and 25 outpatient care services
  • 22,000 employees
  • Head office in Düsseldorf
  • Largest private care provider in Germany