| Type | Garage |
|---|---|
| Year built | 1975 |
| Available from | Nach Vereinbarung |
|---|---|
| Heating | Central heating |
| Fuel type | District heating |
| Condition | Well kept |
|---|
| Purchase price | 9990 € |
|---|---|
| Commission | no commission for buyers |
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More financing calculators and assumptionsPlease do not send any inquiries; the parking space has been reserved.
I am offering for sale a rented parking space in the South Garage of Wohnpark Westhoven, accessed via Ziegeleiweg, 51149 Cologne-Westhoven. The parking space is near the entrance to house no. 28.
The parking space is currently rented for €59 per month. No separate service charge statement is issued to the tenant. Based on the purchase price, this corresponds to a gross rental yield of around 7.1% p.a. before ancillary purchase costs.
The current monthly service charge is €25 and will be €29 per month from January. The increase is primarily due to a higher allocation to the maintenance reserve.
Access is at ground level and without a ramp via a roller shutter gate. The garage is illuminated and comparatively bright due to its partially open construction. According to the subdivision plan, the South Garage comprises 160 parking spaces.
From an economic perspective, a parking space is only comparable to a rented apartment to a limited extent: Typical apartment-related expenses such as painting, floor coverings, bathroom renovations or refurbishments when a tenant changes do not arise for a parking space! Measures affecting the communal property (e.g. lighting, markings) are organized by the condominium owners’ association (WEG); among other things, the maintenance reserve is established for this purpose.
For investors, a parking space is only comparable to a rented apartment to a limited extent: Typical apartment-related renovation expenses when a tenant changes do not apply.
The renovation of the joints in the underground garage ceilings has been completed. The renovation volume corresponded mathematically to around €2,500 per parking space and has already been financed. As of 01/01/2026, the underground garage had total reserves of around €307,000, including the existing special renovation reserve.
The further development of the complex, particularly the topic of charging infrastructure/e-mobility, is also being addressed within the WEG.
If there is serious interest in purchasing, I would be happy to provide the available WEG documents and minutes.
Private sale and commission-free. All information provided to the best of my knowledge and belief.
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Wohnpark Westhoven, the parking space has its own land register and is part of the large, established Wohnpark Westhoven with over 500 apartments and over 500 parking spaces. It is located on Ziegeleiweg in the smaller garage (at ground level).
The residential park also has its own website and can easily be researched online in advance. Anyone who would first like to get an impression themselves can of course also view the residential park and the access via Ziegeleiweg on site.
