House for sale in Koln, Germany

Property Description This property is a semi-detached residential and commercial building with apartments, retail spaces, and office units. It spans over 5 floors with a basement measuring 105 m², utilized as storage space. The usable areas amount to 503 m² and 112 m², totaling 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 between 1951 and 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, renewed in 2011, with hot water provided by a tankless water heater. It is advisable to inspect the structural fire protection, especially regarding the elevator and the second emergency exit. The entrance door to the rear residential building section 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 building's energy efficiency, facade, and windows largely adhere to the construction year, although some maintenance measures have been taken. The overall structural condition can be considered satisfactory. Thoughts on Price The listed price for this property is 8,700,000.00 EUR, but there is a possibility to secure a 30% discount on the market value, bringing the price down to 6,090,000.00 EUR. Additionally, notary fees and agency commissions are waived. This property presents a unique investment opportunity at a potentially discounted rate, making it a desirable asset to consider. Contact us for further inquiries and to explore this and other compelling real estate opportunities featured in our budget-friendly real estate auction catalog.