Commercial apartment building in Koeln, Germany, 4 750 sq.m

Germany

North Rhine-Westphalia

A boarding house with medical care for the elderly in the suburbs of Cologne.

Land area: 14000m2 (1.4 ha)

Living area of the building: 4750m2

Year of construction: 1900

Reconstruction and renovation: 1974, 2010.

The building is leased for a long time to a certified medical company that has all the licenses to conduct this business.

Rental income: € 675,000/year (profitability 5.5% per annum)

Price: 11 500 000€ +6% broker commission excluding VAT