€12,900,000
Good
ID: 1432
House

Office building for sale North Rhine-Westphalia, Cologne, Germany

EW Real Estate
Kurfürstendamm 45 Berlin
Telephone: +49 30 47365973
€12,900,000
Good
€12,900,000
EW Real Estate
Kurfürstendamm 45 Berlin
Telephone: +49 30 47365973
Additional Information DESCRIPTION

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.

If you are interested in other properties, you can leave a request on our web site. Our representative will contact you shortly to assist you and answer the questions you might have.

Do not miss a unique opportunity to have an office building in Cologne!

Additional Information PROPERTY DETAILS
  • 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

Financial Information

Price
€12,900,000
Rent Income per year
€1019204
Rent Income per month
€84933
Profitability
7,9%
Payback
12,7 years
Installment
Mortgage

Purchase Cost

Agency commission
7,14%
Tax on the purchase
6,5%
Services notary
1%
Inventory
0,5%
Rental services
Services of the management company

Facilities

Near metro / stop
Parking place
Additional Information OTHER INFO

ATTRIBUTES

Land Area: 11132 m²
Total Area: 11097 m²
Year Built: 1992
Parking: Yes
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