House for sale • 65 m² without real estate, Lower Saxony

Here you can buy an apartment that you don’t have to worry about. The assisted-living apartment is located in a senior residence in Meinersen, in the district of Ohof, and is leased to the operator of the facility. You are the owner, and the tenant takes over the operation. The building was constructed in 1984 and completely renovated and expanded in 2016.

The lease payment is received every month, regardless of whether the apartment is occupied. The general rental contract does not include an occupancy clause – the tenant bears the risk of vacancy. The net rent amounts to €488.43 per month, which is €5,861 per year. With a purchase price of €99,000, that results in a net rental yield of 5.92%. The service charge is €44.33 per month (or €532 per year). Even after deducting the service charge, a yield of 5.38% remains. There is nothing else to manage.

The lease contract runs until 2040. After that, the tenant can extend it twice, each time for five years, with a notice period of 12 months for each extension. This means you have predictable income for many years.

In addition, there is a right of first refusal rarely found in investment properties. The operator will offer you the next available apartment in his senior residences for rent. This also applies to your spouse, your children, and your parents. This arrangement can later pay off for your own family as well.

Assisted living places are in increasing demand due to demographic change. Meinersen is located in the district of Gifhorn, between Wolfsburg, Gifhorn, Braunschweig, and Hanover. We sell privately, without an agent and without commission.

The apartment is located in Ohof, a district of the Meinersen municipality in the district of Gifhorn (Lower Saxony). Meinersen has about 8,000 inhabitants and is situated between Wolfsburg, Gifhorn, Braunschweig, and Hanover. The area is rural and quiet, and the nearby cities are easily reached by car.

For everyday needs, the locality has the essentials. A local convenience store is only about 300 m away, and an asparagus farm is around 750 m away. Larger supermarkets such as Netto and REWE are located approximately 3.5 to 4.5 km away. A daycare center is about 200 m away, while the school center and additional kindergartens in Meinersen are around 3 km away. The playground and the community center are about 200 m away, and a sports facility is approximately 550 m away.

Doctors, pharmacies, and restaurants are available in Meinersen and the neighboring towns: pharmacies can be found about 3.5 to 4 km away, and inns from around 2 km away. For residents of an assisted living facility, this is sufficient, as care and support are provided on site.

For investors, the location is interesting for two reasons. The district of Gifhorn lies within the catchment area of Wolfsburg and Braunschweig, where there is stable demand for residential and assisted living places. The population in Meinersen has grown by just over 3% in the past 5 years, and the unemployment rate stands at 4.3%.

- Assisted living apartment in a senior residence, built in 1984, completely renovated and expanded in 2016

- 1 room, 1 bathroom, approximately 65 m² of living space

- Elevator in the building

- Barrier-free and senior-friendly

- Central heating with gas (built in 1995), with hot water supplied by the central heating system

- Window ventilation