House for sale in Koln, Germany

Property Description This attached residential and commercial building features apartments, retail spaces, and office units. Spanning 5 floors with a basement offering 105 m² of storage space, the property boasts a total of 503 m² and 112 m² of usable area. Overall, there is 108 m² of living space and 722 m² of usable area. Additionally, there is a two-story annex with a cellar. The reconstruction took place in 1951 up to the first floor, with the construction of the second to fourth floors completed in 1969. A partial redesign of the facade was carried out in 2007. The heating system is powered by a gas central heating system, which was renewed in 2011, with hot water provided by a continuous-flow water heater. It is recommended to review the structural fire protection measures, especially regarding the elevator and the second emergency exit. Please note that the entrance door to the rear residential building part can only be accessed through a property without a right of way. Additionally, the common cellar and transformer room are only accessible through the basement of the commercial unit. While some maintenance measures have been undertaken, the overall condition of the building, including the facade and windows, mostly reflects the original construction year. The general construction condition can be considered satisfactory. Price Thoughts The listed price for this property is 8,700,000 EUR; however, there is a possibility to secure a 30% discount on the market value, bringing the price down to 6,090,000 EUR. Notary fees and brokerage commission are also waived, offering a potential cost-saving opportunity for interested buyers. This property is one of many intriguing listings featured in our monthly cost-effective REAL ESTATE AUCTION CATALOG. For more information on this or other properties, please contact us during business hours.