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%
  • 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: 6.0% + VAT

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.

More properties

If this ad doesn't suit you, have a look at the other apartment buildings for sale in Cologne.

All ads in the country: apartment buildings for sale in Germany.

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