You will love this office building in Cologne, North Rhine-Westphalia federal land. There are 14 offices in the building, 12 of which are rented for a long term. The property includes 263 parking spaces (1 parking spot for each 42.11 m2 rented).
Year built – 1997
Land Area –11,132 m2
Total Area – 11,097 m2
Price - €12,900,000
Revenue from the rent - €1,019,204 per year (up to €1,306,505 if fully rented)
Rate of return – 7.9% (up to 10.13% if fully rented)
The office building is located in an industrial park. That is why there are a large number of restaurants, cafes and public transport stops located nearby.
Cologne is a German city in North Rhine-Westphalia federal land. The millionaire city of Cologne is the 4th most populated city and 3rd largest city in Germany. It is also one of the largest economic and cultural centers of the country. Cologne is famous for its main temple - Cologne Cathedral, one of the main Catholic churches in Germany.
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Do not miss a unique opportunity to have an office building in Cologne!
- Type of Property: Office building
- Property Type: Secondary market
- Status: Good
- Location: Cologne, North Rhine-Westphalia, Germany
- Land Area: 11132 m²
- Total Area: 11097 m²
- Sale Price: €12,900,000