House for sale in Koln, Germany

Property Description: This residential and commercial building is single-story with a basement and converted attic. It features a single-story courtyard conversion and an atrium, with a total living and usable space of 174/643 m². The building was built in 1952, expanded in 1953, and converted in 2003. The layout includes storage rooms, WC facilities, and building services in the basement; various office and meeting rooms, a retail space with exhibition areas, WC facilities, storage room, technical room, and terrace on the ground floor. The converted attic contains an apartment with multiple rooms, kitchen, hallway/corridors, bathroom, WC, loggia, and roof terrace. There is a collection of repair and modernization needs, as well as structural defects and damages. Price Thoughts: The asking price for this property is 2.145.000,00 EUR, which reflects the potential value of the building and its location in 50677 Cologne. With some necessary repairs and renovations, this property has the potential to be a lucrative investment opportunity. Additionally, the possibility of obtaining a 30% discount on the market value presents an attractive incentive for potential buyers. Considering the size and potential of this property, the price is competitive and offers the opportunity for future appreciation.