House for sale in Koln, Germany

Property Description: This property is a semi-detached residential and commercial building with apartments, retail space, and office units. The building spans 5 floors and has a basement with a usable area of 105 m² used for storage. The total usable areas are 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 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 that was renewed in 2011, with hot water supplied by a water heater. It is advisable to check the structural fire protection, especially regarding the elevator and the 2nd escape route. 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 the transformer room are only accessible through the cellar of the commercial unit. The energy condition of the building, as well as the facade and windows, mostly still correspond to the construction year, although some maintenance measures have been carried out. The overall structural condition can be considered satisfactory. Price Thoughts: The property is listed at a price of €8,700,000. However, there is a possibility to secure a 30% discount on the market value, bringing the cost down to €6,090,000. Additionally, there are no notary fees or agent commission involved in the purchase. With some necessary updates and maintenance, this property has the potential to be a lucrative investment opportunity in a prime location in 50667 Köln. Contact us for further inquiries and to learn more about this enticing property.