Apartment building, Cologne, Germany

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Apartment building, Cologne, Germany

1,400,000 €
3,456 € /m²
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  • Total area
    405 m²
  • Yield
    3.2 %
  • Rental rate (m²/month)
    9 €
  • Built in 
    1970
Details
Property parameters
  • Total apartments: 4
Financial performance
  • Annual income: 45,000 €
Tenants
  • Fully let
Property status
  • Most recent total renovation: 2000
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 6.5 %
  • Broker: 7.14 %

Apartment building with an annex in the Chorweiler area.

Description

The apartment building includes 4 apartments with a total area of 405 m².

In 2000, the building was completely renovated – roof, pipes, insulation and windows were replaced. The building is in good condition, no repairs are required.

It is possible to expand the roof and build another floor.

Tenants

Two apartments are leased, perpetual lease agreements are signed. The current owner of the building lives in the other two apartments, he is going to move out after the sale.

Location

Cologne is one of the largest economic and cultural centers of the country with the population more than 1,000,000 people.

The leading positions in Cologne are taken by:

- engineering and automotive industry (centers and branches of Ford, Toyota, Grundig, Siemence AG) — chemical industry (pharmaceutical concern Bayer)

- food industry (the main branch of one of the largest firms for the production of confectionery Stolwerk, brewery)

- oil refining industry (in industrial areas in the south)

- textile industry and construction materials production

Such influential organizations as the International Chamber of Commerce, the Union of German Industry, the Chamber of Commerce, the Union of Employers, the Chamber of Crafts and the Union of German Banks have chosen Cologne as their home.

There is the largest university of Germany in Cologne, the annual number of students in which exceeds 44,000.

  • Property on the map
    Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other apartment buildings for sale in Germany.

You can see more apartment buildings for sale in Cologne elsewhere on our website.

Statistics in Cologne

Price per m², €
5,313
Healthcare efficiency level
74
Index 74 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
57
Index 57 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 5,312.5
Apartment in a bedroom community, m² 3,722.22
Transport Price, €
Public transport, 1 ride 2.9
Monthly travel card 92.75
Taxi, 1 km 1.82
Petrol, 1 l 1.43
Food Price, €
Water, 1.5 l 0.45
Milk, 1 l 0.69
White bread, 500 g 1.3
Eggs, a dozen 1.86
Chicken fillet, 1 kg 7.04
Education Price, €
Kindergarten, per month 469.25
International school, per year 15,750.0
Health care index
Staff competence 77.88
Medical equipment 90.0
Research accuracy and completeness 76.0
Attitude towards patients 71.0
Security index
Crime rate 45.36
The risk of being robbed 38.93
The risk of car theft 47.43
The risk of break-in and property damage 54.04

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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