Prime Student Accommodation Investment Opportunity in Bochum, 9% annual yield

Investment Highlights

• Purchase Price: €9,870,000

• Current Annual Rent (Actual): €893,000

• Target Annual Rent (Potential): €1,030,000

• Current Yield Factor: 9.00%

• Target Yield Factor: 10.05

• Asset Class: Institutional Residential / Student Housing Portfolio

Property Overview

Located in the highly sought-after district of Bochum, this extensive residential complex is strategically positioned just 2.4 km from one of Germany's largest universities. Built between 1970 and 1973 and comprehensively modernized over the last two years, the property offers a robust, high-demand investment asset with stable cash flows.

Key Metrics & Technical Specifications

• Total Plot Area: 8,500 m² (approx. 8,501 m² documented)

• Total Rentable Area: 10,700 m²

  • Residential Area: 9,343 m² (8,941 m² dedicated to student rooms + 402 m² across 6 standard apartments)

  • Commercial / Communal / Admin Area: 1,357 m² (common rooms, management offices, etc.)

• Building Structure: 4 interconnected blocks, 7 to 11 storeys high

• Total Units: 483 single student rooms of varying layouts + 6 apartments

• Parking: 130 indoor garage parking spaces

• Infrastructure: 4 elevators, ground-floor management offices and recreation spaces, floor-by-floor communal kitchens with dining areas, and dedicated sanitary facilities.

Modernization & Recent Capital Expenditures

The property has undergone extensive refurbishment and modernization over the past two years, ensuring low near-term capital expenditure requirements (excluding upcoming fire safety compliance updates):

• Windows: Installation of new double-glazed plastic windows.

• Sanitary Facilities: Complete renovation of all shared showers and restrooms.

• Kitchens: Brand new communal kitchens equipped with induction cooktops and 72 new refrigerators.

• Interiors & Tech: Full renovation of all common areas and 340 individual rooms, new satellite TV systems, and high-speed independent Wi-Fi connectivity for all residents.

• Security & Amenities: Modern video surveillance in the entrance areas, fresh stairwell painting, and convenience vending machines installed on-site.

Location & Accessibility

The property benefits from an exceptional micro-location tailored to student demographics:

• Public Transport & Retail: Excellent public transit links, supermarkets, and essential daily amenities are within comfortable walking distance.

• Recreation: Close proximity to recreational zones, including the popular Kemnader Stausee reservoir.