House for sale in Koln, Germany

Property Description A semi-detached residential and commercial building with apartments, retail spaces, and office units. The building spans over 5 floors and has a basement with a storage area of 105 m². The usable areas are 503 m² and 112 m². In total, there is 108 m² of living space and 722 m² of usable space. 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, which was renewed in 2011. Hot water is supplied by a water heater. It is advisable to check the structural fire protection, especially regarding the elevator and the 2nd rescue route. The entrance door to the rear residential building part can only be accessed through 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 still correspond to the year of construction, although some maintenance measures have been carried out. The overall construction condition can be considered satisfactory. Price Thoughts The property is currently listed for €8,700,000, but there is the potential to secure up to a 30% discount on the market value, bringing the price down to €6,090,000. Additionally, there are no notary fees or agency commissions involved in the purchase. This property presents a great investment opportunity for those looking to acquire a versatile and spacious building in a prime location in Köln, Germany.