Office for sale • 209 m² without real estateHaingasse 22, , Hesse

PROPERTY DESCRIPTION

Solid returns, positive cash flow from day one, and a location that retains its value: This fully let medical office floor in the City Medical Centre in the heart of Bad Homburg offers investors precisely this combination.

Your benefits at a glance:

• 5.55% yield (gross rent multiplier: 18.0) – annual net rent of €40,800

• Positive cash flow from day one: With 30% equity, 4.0% interest and 2% principal repayment, a monthly rental surplus of approx. €628 remains – while principal repayments additionally build equity of approx. €858 per month

• Tenant in place for over 30 years: specialist gastroenterology practice, with no notice given

• Index-linked rent: average annual rent increase of approx. 2.5% since 2012 – inflation-protected

• Heating system fully replaced in 2025

• 4 parking spaces worth approx. €60,000 included

• No commission – sold directly by the owner

The property

The offering comprises the entire medical office floor on the first floor of the established City Medical Centre at Haingasse 20–22. The building houses a pharmacy on the ground floor as well as numerous specialist medical and dental practices. A passenger lift serves all floors.

The floor, measuring approx. 209 m², consists of two separate non-residential condominium units that were combined in 2006 to create a spacious specialist medical practice. It includes a reception area, waiting room, six treatment and functional rooms (endoscopy, proctology, sonography and consulting rooms), a hygiene/sterilisation room, staff room, changing room, five WCs, and a dedicated storage and boiler room. The property also includes four vehicle parking spaces with exclusive rights of use, one of which is located on the lower parking level.

The tenancy

- Tenant: Group practice specialising in gastroenterology and coloproctology, based at this location for over 30 years

- Net rent of €3,400 per month as of 1 January 2026, including parking spaces, plus a €640 advance payment for service charges

- No notice given; lease most recently extended until 31 December 2031

- Value-protection clause linked to the Consumer Price Index, with annual adjustments on 1 January; most recently adjusted on 1 January 2026

- The tenant is responsible for cosmetic repairs and for maintaining the heating and air-conditioning systems

What the purchase price reflects

- Four parking spaces: Underground parking spaces in central Bad Homburg are offered at €25,000–€28,000 each. Only €15,000 per space has been factored in, totalling €60,000.

- This leaves €675,000 attributable to the medical office space, equivalent to approx. €3,230/m² – below the asking prices for smaller medical office and office units in Bad Homburg, which are approx. €3,400–€4,000/m².

- Capital expenditure completed: The heating system, including flue pipes, was fully replaced in 2025 at a five-figure cost, and the Mitsubishi air-conditioning/ventilation system was serviced and repaired in 2025.

- Moderate rent of approx. €15/m² for the medical office portion – asking rents in the city centre are as high as €17.50/m².

- No commission: Savings of approx. €43,700 compared with a buyer’s commission of 5.95% including VAT.

- Flexible future exit options: Two separate non-residential condominium units, each with its own land register entry.

FEATURES

- Passenger lift, stairwell, pharmacy on the ground floor

- Heating system fully replaced in 2025: gas condensing boiler including flue pipes, flue damper and sludge separator; gas line inspected

- Air-conditioning/ventilation system repaired by a specialist contractor in 2025, including replacement of the fan motors

- Functional medical office layout with a separate hygiene/sterilisation room

- Dedicated storage and boiler room

- Four parking spaces: three on the upper parking level and one on the lower parking level

- Additional right to use approx. 9 m² of communal space, approved by the owners’ association

Value retention in a prime location: Bad Homburg vor der Höhe is one of the most prestigious locations in the Rhine-Main region. It is a spa town, the administrative centre of the Hochtaunus district, and the headquarters of the healthcare group Fresenius. The Hochtaunus district has a purchasing power index of 128.2, placing it among the four German districts with the highest purchasing power (for comparison: Hesse 102.4, Germany 100; NIQ 2026).

Haingasse 22 is located by Kaiser-Friedrich-Promenade in the heart of the city. The Louisenstraße pedestrian zone, spa gardens, Kurhaus, palace and historic old town are all within walking distance. Clinics such as the Paul Ehrlich Clinic and Wicker Clinic are in the immediate vicinity.

Frankfurt can be reached in around 15 minutes via the Bad Homburg motorway interchange (A5/A661), and the airport in around 20 minutes. The S5 suburban railway and U2 underground line provide connections to Frankfurt. Construction to extend the U2 to Bad Homburg railway station has been underway since December 2025.

The Rhine-Main planning area is subject to licensing restrictions for specialist internists (Association of Statutory Health Insurance Physicians of Hesse, 04/2026). Hardly any new practices treating statutory health insurance patients are being established, meaning established practices in recognised locations remain in demand.

Sale directly by the owner – no buyer’s commission. Asset deal; share deal possible by agreement.

Upon request, we will be pleased to send you the detailed sales brochure, including lease data, yield calculations and a financing example.

Discretion is requested, as the practice remains open to patients. Please arrange viewings exclusively through the owner. Viewings will take place only after proof of financing or equity has been provided. Please do not visit the practice without an appointment.