House for sale in Koln, Germany

Property description: Leasehold for a detached 2-family house. The house has two floors, a mostly basement, and a flat roof. The living space is 192 sqm, plus additional finished areas in the basement (52 sqm) and an attached garage. Built in 1969, the house was expanded in 2007. The layout includes on the ground floor a hallway, a foyer, a guest toilet, a bathroom, a kitchen, two bedrooms, a living room, and a terrace totaling 99.21 sqm. Upstairs, there is another bathroom, a study, a bedroom, a living kitchen, and another living room on 93.46 sqm. Heating is provided by a gas boiler, with underfloor heating on the upper floor and wall radiators in other areas. The basement has been converted without permission into a 53 sqm apartment, with repair needed due to moisture damage. The property has a lease for 99 years from the registration date. Approval from the property owner (Archdiocese of Cologne) is required before the sale can proceed. Price thoughts: The property is being auctioned with a market value of 490,000 EUR. Buyers may qualify for a 30% discount, bringing the price down to 343,000 EUR. Notary fees and agency commissions are waived, making it a potentially attractive investment opportunity for those looking to acquire a property at a lower cost. This property offers a unique opportunity for buyers interested in a spacious 2-family home with potential for renovation and customization. Contact us for more information or to schedule a viewing.