Apartment house in city Cologne
420.00 sq.m.

€ 600 000

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Proposed apartment building in the heart of Cologne

Forced sale!

property Description:

the Proposed facility is located in the Eastern part of the Central area of Cologne in the Federal state of North Rhine-Westphalia.

This property is located on their own land with an area of about 300 m2 which is for sale and is already included in the stated price.

the Promenade in Cologne is one of the attractions of the city reachable in just 5 minutes by car.

In the vicinity of the house there is a school, kindergarten, branches of several major German retail chains and other necessary infrastructure for life.

the Convenient location allows to reach by car in fact, over half an hour to such a large and developed cities such as Bonn and Dusseldorf.

Near the house is public transport.

Cosy house is divided into eight apartments and has a living area of about 340 m2.

ground floor:


  • 2 bedroom apartments (39 m2 each approx.), divided into: living room, bedroom, bathroom with toilet and hallway

second floor:


  • 2 bedroom apartments (43 m2 each approx.), divided into: living room, bedroom, bathroom with toilet and hallway

third floor:


  • 2 bedroom apartment (44 m2 each approx.), divided into: living room, bedroom, bathroom with toilet and hallway

fourth floor:


  • 2 bedroom apartment (44 m2 each approx.), divided into: living room, bedroom, bathroom with toilet and hallway

According to the seller, during its existence the house regularly subjected current repair and necessary upgrades.

Flooring - laminate, tiles.

the Walls and floors in the bathroom and working area in the kitchen are laid with ceramic tiles.

the bathrooms have the necessary modern plumbing, built-in bathroom.

the Windows are plastic double-glazed Windows.

heating - Central gas, installed in 2006.

the house has a spacious basement for technical needs and for storage, space for drying clothes and separate storage facilities for bicycles and strollers.

Available services of water, Sewerage, electricity, Internet and telephone.

Near the house is enough place for Parking of the owner or tenants.

According to the seller, at the moment all apartments are delivered in long-term lease and bring the owner more than 45.000 euros in annual revenue.

the New owner can dispose of property at its sole discretion - to live in it, manage the property yourself, rent it or find a responsible Trustee.

On the basis of the average cost of renting in the area, with proper management and full leasing of this property can bring about 60,000 Euro annual income.

currently, the property is situated in the external competitive management and will be sold to a new investor directly by the Bank through the courts.

It's offered by the Bank on the residual value will be transferred to the new owner absolutely without any debts.

According to specialists of our company, during a court auction price may be further reduced by 10-15%, which further increases the investment attractiveness of the object.

Our company is ready to render all necessary services on negotiations with the court and with the seller-owner, competent legal registration and after sales management of the property.

including on registration of a possible residence permit.

Distance to int. airport Cologne-Bonn:, 10 km (approx. 5 min by car)

Distance to it. düsseldorf airport: 55 km (approx. 30 minutes by car)

Distance to it. Dortmund airport: 100 km (approx. 1 hour by car)

location details:

Cologne is the fourth in population and third largest city of Germany and one of the largest economic and cultural centers of the country. The population of Cologne is more than 1 million people.

"Metropolis on the Rhine", often referred to as Cologne, is one of the oldest cities in Germany, which played a significant role in the history of Europe throughout its existence since the Roman era. Cologne is famous for its main temple·— Cologne Cathedral, one of the main Catholic churches in Germany.

the Cologne has several satellite cities that are located directly in the city limits, often borders with them pass right through the streets. The largest of these cities— Dormagen, Leverkusen, Bergisch Gladbach, Troisdorf, Hurth, Bruhl and Pulheim.

Cologne— have long been one of the largest transport centers of Europe.

This is due to its geographical position at the crossroads of trade routes from Germany and Eastern Europe to France and England on one side and also the waterways of the Rhine from the North sea inland. Not accidentally, the Hansa was based in Cologne.

the city is Germany's largest University with an enrolment of 44,000 students. It was founded in 1388

In Cologne has an international airport. Annually receives more than 6·million passengers.

Well-developed shipping, mainly freight transportation between the Netherlands, Germany and France. Passenger shipping is used for recreation and tourism.

the city is well developed modern public transport network, are more than 50 kilometres of underground ways metro-tram.

Seller information

Seller type Agency
Company Stimul Consulting

Location of the property on the map

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