| Type | Block of flats |
|---|---|
| Living area approx. | 839 m² |
| Rooms | 28 |
|---|
| Plot area | 1871 m² |
|---|
| Rent excluding bills | 193.769 € |
|---|---|
| Total rent | 202.572 € |
| Purchase price | 3.950.000 € |
| Price per m² | 4,707.99 €/m² |
| Commission | 5,95% (5,95% (inkl. ges. MwSt.)) |
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More financing calculators and assumptionsThe offered property is an attractive residential and commercial building ensemble in a central location in Cologne-Dünnwald, consisting of two fully let apartment buildings with a total plot area of approx. 1,871 m². The property is located on Berliner Straße, the established supply axis of the district, with very good infrastructure, local amenities, service providers, and good public transport connections. The location is characterized by a stable tenant structure and sustainable lettability.
The ensemble comprises a total of 11 residential units and 3 commercial units, thus 14 main rental units. The offering is supplemented by two larger storage units of 24 m² each, a smaller storage unit of approx. 15 m², 36 outdoor parking spaces and 5 garages, so a total of 41 parking spaces.
The total rentable area is approx. 1,155.77 m², of which approx. 839 m² is pure residential space and around 276.77 m² is commercial and storage space.
The first building, built approx. 1960, underwent a core refurbishment in 2016 with the construction of the second building and was equipped with a modern heating system. Overall, the technical equipment of the ensemble is in a very good and contemporary condition.
Significant development potential – reviewed by an architect
In addition to the stable existing income, the ensemble has expansion potential at two points as assessed by an architect.
Infill development in the rear area
The rear plot area of around 878 m² opens up attractive strategic development potential. Although the current development plan designates parts of this area as non-buildable, there is the possibility of activating it under planning law via an accelerated procedure – the so-called “Bau-Turbo” of the City of Cologne. A building permit must first be submitted and approved for this.
By including an additional adjoining property to be acquired from the owner and assuming a site coverage ratio (GRZ) of 0.3, an additional buildable footprint of about 263 m² results mathematically. With two- to three-storey development, a space potential of around 660 m² gross floor area (GFA) could be generated from this – a significant added value for prospective infill development.
This potential does not constitute secured building rights, but rather a strategic development option whose realization requires early coordination with the Cologne urban planning department.
Conclusion:
Overall, this is a well-maintained residential and commercial building ensemble in a sought-after Cologne location with stable letting, very good technical substance, an exceptionally strong parking stock, and clear value appreciation and development potential.
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