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Office center near Cologne
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Location:
Cologne is the 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 1 000 000 EUR
Plot area3500 m2
Property area1850 m2
Year built2007
Rented outyes
Current year’s income71 000 €
Full year’s income71 000 €
Actual yield7.1%
Potential yield7.1%


Purchase costs
Notarization15 000 €
Purchase tax65 000 €
Brokerage commission (6% excl VAT)60 000 €
Total140 000 €
Property description:

The property is located in an industrial district near Cologne. The building consists of a warehouse and office center. The lease contract until 2023

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