House for sale in Koln, Germany

Description: Leasehold for a detached two-family house. The house has two floors, a mostly basement level, and a flat roof. The living space is 192 m², plus additional finished areas in the basement (52 m²) and an attached garage. The house was built in 1969 and was expanded in 2007. The ground floor includes a hallway, a foyer, a toilet, a bathroom, a kitchen, two bedrooms, a living room, and a terrace totaling 99.21 m². The upper floor features another bathroom, an office, a bedroom, a kitchen/dining area, and another living room spanning 93.46 m². The heating system is powered by a gas boiler, with underfloor heating on the upper floor and wall radiators in other areas. The basement has been converted into a 53 m² apartment without proper permits and requires repairs due to moisture damage. The property is subject to a 99-year lease, with approval needed from the landowner (Archdiocese of Cologne) before any sale can be finalized. Price Thoughts: The listed price for this property is 490,000 EUR, but there is an opportunity to secure a 30% discount, bringing the price down to 343,000 EUR. Notary fees and agency commissions will also be waived. This property has potential for those looking to invest in a two-family home with additional living space in a desirable location like Köln. With some renovations and approvals in place, this property could be a great investment opportunity at a discounted price.