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Office and living property in Cologne
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Location:
Cologne, Germany's fourth-largest city (after Berlin, Hamburg, and Munich), is the largest city both in the German Federal State of North Rhine-Westphalia and within the Rhine-Ruhr Metropolitan Area, one of the major European metropolitan areas with more than ten million inhabitants. As the largest city in the Rhine-Ruhr metropolitan region, Cologne benefits from a large market structure. In competition for location factors with Düsseldorf, the economy of Cologne is primarily based on insurance and media industries, while the city is also an important cultural and research center and home to a number of corporate headquarters.

Price 955 000 EUR
Sold
Property area440 m2
Year built1975
Year of modernization1995
Number of parking spaces5
Rented outyes
Current year’s income75 491 €
Full year’s income75 491 €
Actual yield7.9%
Potential yield7.9%


Purchase costs
Notarization14 325 €
Purchase tax62 075 €
Brokerage commission (6% excl VAT)57 300 €
Total133 700 €
Property description:

The property in situated near Cologne center. There are the bank on the 1st floor and apartments on other floors. The object is in a good conditions. The full modernization was carry out in 1995. For sale is the first floor of the building where the tenant - Commerzbank. The lease contract until 2020 without the right to termination.

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