| Type | Block of flats |
|---|---|
| Living area approx. | 451 m² |
| Bedrooms | 9 |
| Rooms | 19 |
|---|---|
| Bathrooms | 7 |
| Plot area | 420 m² |
|---|---|
| Usable floor area | 140 m² |
| Purchase price | 2.999.000 € |
|---|---|
| Price per m² | 6,649.67 €/m² |
| Commission | 3,57% (3,57% inkl. MwSt vom not. Kaufpreis) |
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More financing calculators and assumptionsFor sale is an attractive, solidly constructed residential and commercial building complex dating from 1954, built using sound conventional construction methods. The property extends over a total area of approx. 592 m² on a plot of approx. 420 m² and comprises a total of 7 residential units, 3 commercial units and 5 parking spaces in the courtyard. The living areas of the seven units range from approx. 50 m² to 97 m², making them ideally suited to different tenant groups—from singles and couples to small families.
The current annual net cold rent is approx. €118,000 p.a. Of this, approx. €76,000 is attributable to the 7 residential units, €39,600 to the 3 commercial units and €2,460 to the parking spaces currently rented out. Based on the purchase price of €2,999,000, this already results in an attractive gross rental yield of approx. 4.0%.
Particularly noteworthy is the specific rental growth and development potential already present. Through rent adjustments, reletting due to two apartments definitively becoming vacant (the owners’ family use), as well as the full rental of all parking spaces, the annual net cold rent can easily be increased to approx. €136,0000. This corresponds to a gross yield of approx. 4.5% and impressively underscores the sustainable value and yield potential of this investment in a highly central location in Cologne.
The ground floor contains two attractive commercial units with established uses: one unit is rented to a hair salon, while the second is used as a food-service space for fast food / snack-bar operations. The complex is complemented by another commercial unit in the rear building, currently rented to an architectural firm. This balanced mix of residential, service, gastronomy and professional office use ensures excellent diversification of the tenant structure and creates a stable, broadly based income stream.
Overall, this property presents itself as a structurally sound, yield-oriented investment with solid existing rental income, an attractive tenant structure and foreseeable yield growth—ideal for investors seeking long-term value stability and sustainable cash flows.
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