House for sale in Koln, Germany

Property Description This one-story residential and commercial building with a basement and converted attic is located in 50677 Köln. It features a one-story courtyard enclosue and an atrium, with a total living and usable area of 174/643 m². The building was constructed in 1952, expanded in 1953, and repurposed in 2003. The layout includes storage rooms, restroom facilities, and technical rooms in the basement; various office and meeting rooms, a retail space with exhibition areas, restroom facilities, storage room, technical room, and terrace on the ground floor. The converted attic contains an apartment with multiple rooms, kitchen, hallway/corridors, bathroom, restroom, loggia, and rooftop terrace. Price Thoughts The property is being auctioned by the local court with a market value of 2.145.000,00 EUR. There is potential to secure a 30% discount on the market value, resulting in a purchase price of only 1.501.500,00 EUR. Notary fees and agency commissions are also waived, making this a potentially lucrative investment opportunity. The property does require some repairs and modernization, so buyers should consider the additional costs involved in bringing the property up to standard. Overall, this property offers a unique opportunity to acquire a spacious and versatile space in a prime location at a discounted price.