ID: 1648
House

Residential house with commercial facilities for sale North Rhine-Westphalia, Cologne, Germany

Residential house with commercial facilities in the center of Cologne

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€9,120,000
Residential house with commercial facilities in the center of Cologne

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Additional Information DESCRIPTION
Do not miss the unique opportunity to buy a residential building with commercial premises in one of the best places of the old city center of Cologne overlooking the Cologne Cathedral.
 
This old house was built in 1990, with an area of 1,779 sq. m. and 4 meter high ceilings was completely renovated in 1998-2000. and is in excellent condition.

In total, the building has 23 luxury apartments, partly with massive parquet and partly with terraces or balconies. In addition, the building contains 2 exclusive penthouses and 3 commercial premises. Also in the house has a modern elevator.
 
The price of the building - 9 120 000 euros
Rental income - 335,000 euros per year
Profitability - 3,67%


Cologne is a city in the Federal Republic of Germany, in North Rhine-Westphalia. The million-plus city of Cologne is the fourth most populous and third-largest city in Germany, as well as one of the largest economic and cultural centers of the country. In addition, Cologne is the largest center of the 10 million Rhine-Ruhr region and the center of 2 million monocentric agglomeration. Cologne is famous for its main temple - Cologne Cathedral, one of the main Catholic churches in Germany.
 
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Additional Information PROPERTY DETAILS
  • Type of Property: Residential house with commercial facilities
  • Property Type: Secondary market
  • Location: Cologne, North Rhine-Westphalia, Germany
  • Total Area: 1779 sq m
  • Sale Price: €9,120,000

Financial Information

Price
€9,120,000
Guaranteed rent
Rent Income per year
€335000
Rent Income per month
€27916
Profitability
3,67%
Payback
27
Installment
Mortgage

Purchase Cost

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

Facilities

Town Center
Elevator
Additional Information OTHER INFO
FEATURES
Residential house with commercial facilities in the center of Cologne for sale
Commercial property with tenant in Germany for sale
Commercial property with tenant in Cologne for sale
Commercial property with tenant in North Rhine-Westphalia for sale

ATTRIBUTES

Total Area: 1779 sq m
Year Built: 1990
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