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Poller Rheinwiesen
| Type | Block of flats |
|---|---|
| Living area approx. | 670 m² |
| Year built | 1965 |
| Available from | Nach Vereinbarung |
|---|---|
| Rooms | 30 |
| Bathrooms | 9 |
| Heating | Central heating |
| Fuel type | Gas |
| Plot area | 1041 m² |
|---|---|
| Condition | Well kept |
| Floors in the building | 2 |
| Usable floor area | 798 m² |
| Purchase price | 2.650.000 € |
|---|---|
| Price per m² | 3,955.22 €/m² |
| Commission | no commission for buyers |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
The initial payment is estimated as loan amount × (interest + repayment) ÷ 12. Individual lending terms, special repayments and further fees are not included. Tax, notary and agent costs may differ in your case. This is not a financing offer or financial advice.
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More financing calculators and assumptionsFor sale is an exceptionally stable and already comprehensively renovated investment property in Cologne-Poll: 2 connected apartment buildings with 9 residential units, 2 garages and 9 parking spaces - fully let, without a single day of vacancy (except during renovation work)
or rent arrears for over 12 years.
The annual net cold rent is currently €98,220, with realistic growth potential of 15-25% in the coming years.
Features & condition:
7 of the 9 residential units have been completely comprehensively renovated:
new electrical and water lines, new floors, new interior and entrance doors, freshly plastered and sanded walls, as well as completely new bathrooms. The stairwell of both houses has been completely renewed and the front doors replaced with new ones. The gas central heating system, completely newly installed in 2023, reliably and cost-effectively supplies both houses. Only the windows have not yet been replaced - this is the only remaining optimization potential, which at the same time allows the energy efficiency class to be improved.
Hot water is provided locally.
The 9 residential units:
3 ground floor apartments with approx. 80 sqm each private garden and terrace
4 upper-floor apartments with large balconies
2 attic apartments
Apartment sizes between 62-87 sqm
All units are permanently let
Area breakdown of the individual apartments:
House No. 5. 6 residential units
- Ground floor left, 4 rooms approx. 87 sqm
- Ground floor right, 3 rooms approx. 76 sqm
- 1st floor left, 4 rooms approx. 87 sqm
- 1st floor right, 3 rooms approx. 76 sqm
- Attic left, 3 rooms approx. 63 sqm
- Attic right, 3 rooms approx. 63 sqm
- Storage room approx. 10 sqm
House No. 7 3 residential units
- Ground floor 3 rooms approx. 75 sqm
- 1st floor, 3 rooms. approx. 78 sqm
- Attic, 3 rooms. approx. 62 sqm
In the basement beneath the houses there are 2 large drying rooms, 1 laundry cellar for 3 -4 machines, 1 boiler room, 1 large cellar room and 10 additional rooms.
The roof is in good condition.
The access paths to the two houses have been newly paved.
To the right and left of the paths there are lawn areas and flower beds in the front garden.
What distinguishes this property:
- Annual net cold rent €98,232
- immediate proximity to Deutzer Hafen, the development project in Cologne
- 12 years zero vacancy, zero Rent arrears, low tenant turnover
- New heating system 2023 - no investment needed in the foreseeable future
- 2 garages + 9 parking spaces, very important given the shortage of parking
- 3 apartments with their own small garden - in high demand and hard to find
The attached pictures show examples from the renovated apartments, as well as exterior views.
Viewings by appointment only.
Further documents such as rent overview, energy certificate, floor plans and renovation overview will gladly be provided upon serious interest.
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Köln Poll combines quiet, green living with very good access to the city. The Pollerwiesen and the Rhine are quickly reachable on foot. A large children's playground is in the immediate vicinity.
Shopping facilities for daily needs (Aldi, Lidl, bakery etc.) are directly accessible in the district.
Cologne city center can be reached within a few minutes by car, streetcar line 7, as well as bus 159.
There is a broad range of educational facilities, several kindergartens, daycare centers, primary and secondary schools.
Crucial for value development: The property is located in the immediate vicinity of Deutzer Hafen - Cologne's largest urban development project. A new mixed-use urban district is being built on 38 hectares directly on the Rhine. The development agreement has been concluded, and the development is underway. Experts expect a further significant increase in value for the adjacent districts.
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