$2,305,982

VON POLL COMMERCIAL presents this exceptional residential and commercial building in the immediate vicinity of Cologne Cathedral and the main railway station.The property, which is located in the heart of the vibrant old town, has 14 functional apartments and a spacious maisonette on the 3rd and 4th floors, which is also an absolute highlight. With approx. 112 m², it impresses with its open and bright rooms and modern bathroom. The quality of living is further enhanced by the balcony facing the main station and the terrace, which extends across the entire width of the front of the building, making this apartment truly something special.There is an Italian restaurant on the first floor, which has been treating its guests to fine cuisine and culinary specialties here since 1969. Many celebrities such as Roberto Blanco, Rainer Calmund and Angela Merkel have also dined here.There are up to five one-bedroom apartments on the 1st to 3rd floors, which are practically designed and always in high demand. The tenants of the apartments at the rear of the building share a WC and a shower in the corridor. In future, there is also the possibility of combining the small apartments to create larger residential units.In total, the property has approx. 332.75 m² of living space and approx. 207 m² of commercial space. The plot is approx. 163 m² in size, resulting in a good ratio between building and plot in terms of depreciation despite the central location.Apart from one apartment, which was used by the owner, the residential and commercial building is fully let and generates annual rental income of around EUR 110,520 (net). By re-letting this unit, you can immediately increase the income to approx. 113,760 EUR. Alternatively, you can also use the apartment for other purposes, e.g. to accommodate family members. As is already the case with neighboring buildings, it is interesting to consider adding another storey.A lot of work has been carried out on the house over the years. The flat roof and the courtyard roof were renewed in 2016. The gas burner in the heating system was replaced in 2011 and the gas boiler in 2012. The house could already be connected to the district heating system installed in the street. The bathrooms and floors have also been renovated as required. The water pipes and drainage pipes have also been partially replaced.

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Condo
• Home size: 3,581 ft² / 332.68 m²
• MLS: 2441018A1
• Web ID: CWREN4
• Status: Available