House for sale in Koln, Germany

Property Description This semi-detached residential and commercial building features apartments, retail spaces, and office units. The building spans 5 floors and includes a basement with a 105 m² storage area. The usable areas total 503 m² and 112 m², resulting in a total of 108 m² of living space and 722 m² of usable space. Additionally, there is a two-story annex with a cellar. 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 review the structural fire protection measures, especially regarding the elevator and the second emergency exit. 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 cellar of the commercial unit. The energy efficiency of the building, as well as the facade and windows, mostly corresponds to the construction year, although some maintenance measures have been carried out. The overall construction condition can be considered satisfactory. Price Thoughts: The property is listed at a price of 8.700.000€. However, there is the opportunity to secure a 30% discount on the market value, bringing the price down to 6.090.000€. This presents a significant savings opportunity for potential buyers. Additionally, there are no notary fees or agent commissions to be paid, making the purchase even more enticing. Overall, this property offers a unique opportunity for investors or individuals looking to acquire a substantial and versatile real estate asset in a prime location in 50667 Köln.