House for sale in Koln, Germany

Property Description This building combines residential and commercial areas in a villa style. It spans over three floors with a basement and converted attic. The living area is 149 square meters, with a total area of 188 square meters. It features a duplex apartment, several office units, two balconies, a terrace, and a garage. Originally built around 1895, the building is listed as a historical monument. Extensive renovation and modernization took place around 2009. All units are rented out and heated by a Buderus gas central heating system, which also provides hot water. The elevator is currently out of service. Price Thoughts The property is currently being auctioned off by the local court with a market value of 2,095,000 EUR. There is a possibility of securing a 30% discount on the market value, potentially bringing the price down to 1,466,500 EUR. Additionally, notary fees and agent commissions are waived. This property presents a unique opportunity for buyers looking to acquire a piece of real estate with historical significance and rental income potential at a discounted price.