Waldsassen Residential Facility

The “Am Klostergarten” residential complex in Waldsassen is expected to be completed in March 2025 and comprises a high-quality, fully renovated residential development on the site of the former hospital. The project consists of residential units, a medical center, a nursing facility, and commercial units. The renovation is being carried out in accordance with the strict requirements of the KfW55 EE standard, which means that all investors can benefit from the highest level of government subsidies. The KfW55 EE standard guarantees not only high energy efficiency but also sustainable and future-proof construction. The residential units offer barrier-free and age-appropriate living and are thus specifically tailored to the needs of an aging population. Due to demographic change and the rising demand for age-appropriate housing, consistently high rental demand is expected. The project combines residential space, medical services, and commercial units in a way that meets the requirements of modern, functional urban development. Of particular note is the support for commercial units: Each commercial unit receives a tax-free subsidy of €900 per square meter from KfW, which makes the investment even more attractive. This subsidy serves as an incentive for business owners who can benefit from the excellent location and high visibility. Professional property and rental management ensures efficient oversight and administration of the property, allowing investors to rely on hassle-free management.

Completion of the “Am Klostergarten” residential complex is scheduled for March 2025. Due to high demand, interested parties should inquire about available units as soon as possible to take advantage of this forward-looking investment opportunity.

With a population of around 6,700, Waldsassen—located in the northern Upper Palatinate on the
near the Czech border—is a vibrant town in the heart of Europe. The unique and largely unspoiled cultural landscape, with its Baroque buildings such as the
imposing Cistercian convent complex, the magnificent Baroque basilica, and the unique Kappl Church on the Glasberg, gives the region its unmistakable character. These landmarks of the town of Waldsassen attract an annual influx of tourists from all over the world. Companies based directly in Waldsassen include Kondrauer Mineral- und
Heilbrunnen GmbH & Co. KG, the construction firm Franz Kassecker GmbH, the Waldsassen glassworks Lamberts, and the internationally active glass manufacturer Schott Rohrglas. The bicycle manufacturer GHOST, as well as the nearby bicycle manufacturer CUBE, have experienced a particularly strong upswing
due to the rising demand for recreational activities during the pandemic. The Office for Digitalization, Broadband, and Surveying will also establish its headquarters in the center of Waldsassen, in close proximity to the described real estate project,
. Additionally, approximately 1,400 new jobs are currently being created in Waldsassen.

All information is provided without warranty and is based solely on information provided to us by our client.
We assume no liability for the completeness, accuracy, or timeliness of this information. In particular, the information regarding living space, usable area, and the layout of the living/usable space has not been verified by us through our own measurements or calculations. The information regarding the year of construction has not been verified by reviewing the building records.

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