High-yield (7,58%) large office complex with the public authority as the main tenant

High-yield investment with the public authority as the main tenant.
Key Data.
• Site area: 11,000 m²
• Building type/Year of construction: Investment property / 1976
• Usable space/rooms/parking spaces: approx. 15,000 m² / approx. 400 / approx. 98 (including 3 wheelchair accessible)
• Heating: Gas-fired central heating
• Availability: Upon request

The Property.
The property is a former five-star rehabilitation clinic (concrete construction with 80 mm Styrofoam insulation), continuously modernized since 2012:
• 2014: Complete renovation of the roof
• 2015/16: New gas heating, valves, and pumps
• 2016: Modern fire alarm system and fire protection concept; North wing as a dormitory for asylum seekers (approx. 135 rooms, 24–27 m² each)
• 2021/22: Conversion of the south wing into modern offices (fiber optics, plumbing, interior insulation); conversion of the kitchen into archives
• Fully barrier-free with new outdoor facilities
Expansion potential (unused space, approx. 3,500 m²):
• South wing: 4th–6th floors (700 m² each), 7th floor (penthouse/administration, 600 m²)
• North wing: Former café + terrace (600 m²)

1st basement: Wellness area with pool/sauna (1,000 m²)
Annex (nurses' dormitory, approx. 750 m²): 20 apartments (20–30 m²) + 2 apartments (85 m²), fully leased (flat-rate rent via the job centre).
Tenant structure.
Main tenant: Municipality (public use, stable payments).