House for sale in Koln, Germany

Property Description: This property seamlessly 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 floor area of 188 square meters. It features a duplex apartment, multiple office units, two balconies, a terrace, and a garage. Originally built around 1895, the building is listed as a protected monument. Extensive renovations and modernizations were carried out around 2009. All units are currently rented out and heated by a Buderus gas central heating system, which also provides hot water. The elevator is currently out of service. Thoughts on Price: The listed price for this property is 2.095.000€. However, it is being auctioned off by the local district court. There is a possibility to secure a 30% discount on the listed price, bringing the final purchase price down to 1.466.500€. Additionally, there are no notary fees or agency commission to be paid. This property presents a unique opportunity to acquire a desirable real estate asset at a potentially reduced cost.