House for sale in Koln, Germany

Property Description: Leasehold for a 2-family house in detached construction. The house has two floors, is mostly basemented and equipped with a flat roof. The living space is 192 m², plus the developed areas in the basement (52 m²) and an attached garage. The house was built in 1969, with an extension added in 2007. The layout includes on the ground floor a hallway, a corridor, a toilet, a bathroom, a kitchen, two bedrooms, a living room, and a terrace totaling 99.21 m². Upstairs there is another bathroom, a study, a bedroom, a living kitchen, and another living room on 93.46 m². Heating is provided by a gas boiler, with underfloor heating on the upper floor and wall radiators in the other areas. The basement has been converted into a 53 m² apartment without permission, requiring maintenance due to moisture damage. There is a leasehold for a period of 99 years from the date of registration. Approval from the landowner (Archdiocese of Cologne) is required before the award can be made. Price Discussion: The property is being auctioned by the competent local court with a market value of 490.000€. There is a possibility to secure a 30% discount on the market value, reducing the price to only 343.000€. Additionally, notary fees and agency fees are waived. This property offers potential buyers a unique opportunity to acquire a spacious 2-family house with additional living space. The price reduction and waived fees make it an attractive investment opportunity for buyers looking to purchase a home in Köln.