Commercial in city Cologne
2377.00 sq.m.

Germany. Cologne. Commerce with long leases.
Office building in Cologne.
Year built: 1988
Land area: 2.363 sq. m.
Total area: 2.377,09 sq. m.
Parking spaces: 43
The building was constructed in 1988 for office space. Building 4 storey, lift in the house.
2.192 total area 51 sqm of office and administrative space, plus another 184,58 sq. m. located on the first floor and rented out as storage space. Gross leasable area 2.377,09 sq. m.
The building is fully leased to one tenant.
The main lease is a new term to 31.03.2024, in addition options of renewal are 4 x 5 years. Under the lease indexation. If the tenant decides to move out, he shall notify the owner for 12 months in writing. Also, if the tenant decides to move out before the end of the primary rental agreement he is obliged to pay to the owner liquidated damages in the amount of € 174.770,28.
Airport Cologne / Bonn can be reached by car in 20-25 minutes.
The main Cologne train station is about 15 -20 minute drive.
Net annual rent is: € 182.002,20 -
Price: € 2.850.000,00 -
Brokerage Commission: 5,95% (incl. VAT)
The profitability of 6.4%
There is a choice of apartments and houses in various budget, including commercial facilities.