House for sale in Koln, Germany

Property Description: This attached residential and commercial building in 50667 Köln features apartments, retail spaces, and office units spread over 5 floors. The building also includes a basement with a storage area of 105 m². The total usable area consists of 503 m² and 112 m², totaling 108 m² of living space and 722 m² of usable area. There is also a two-story annex with a basement. 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 is provided by a gas central heating system, renewed in 2011, while hot water is supplied by a water heater. It is advisable to check the structural fire protection, especially regarding the elevator and second emergency exit. The entrance door to the rear residential building can only be accessed via a property without a right of way. The common cellar and transformer room are only accessible through the basement of the commercial unit. The energy condition of the building, as well as the facade and windows, mostly comply with the year of construction, although some maintenance measures have been carried out. The overall construction condition can be considered satisfactory. Thoughts on Price: With a listed price of 8.700.000€Kaufpreis, this property presents a substantial investment opportunity in a prime location in Köln. Additionally, the potential to secure a substantial discount of 30% off the market value makes this property even more appealing, with the final price being 6.090.000€Kaufpreis. Moreover, the waiver of notary fees and agent commissions further enhances the attractiveness of this property. Overall, this property offers great potential for investors looking to acquire a versatile and well-located real estate asset.