Flat for sale 2 bedroom • 57 m² without real estateWormser Str. 49 Köln Innenstadt Nordrhein-Westfalen 50677

Object Description

In one of Cologne’s most desirable and vibrant locations – the Cologne South City – we offer you an exclusive selection of condominiums as part of a subdivision project. Out of a total of 31 units, 12 apartments have already been successfully sold, which underlines the high attractiveness of this property.

The available apartments feature living areas ranging from approximately 35 m² to 116 m² and consist of 1 to 4 rooms, offering tailor-made layouts for a variety of target groups – from single apartments to spacious family homes.

The entire property presents itself in a well-maintained condition following recent renovation measures. The staircase and corridors have been freshly painted and fitted with modern lighting. In addition, all apartments benefit from new, highly efficient triple-glazed plastic windows, which provide excellent energy performance, as well as heat and sound insulation.

First-class Investment with Extraordinary Value Reserve

The apartments are currently solidly rented to reliable long-term tenants. Since the existing rents average around EUR 9 per m², which is still below the current market level, the seller has decided on an especially attractive sale price of only about EUR 4,850 - 5,200 per m².

Furthermore, regular modernization and maintenance measures have been carried out in the units.

For comparison: Comparable apartments in the highly sought-after Cologne South City currently achieve approximately EUR 6,000 - 7,500 per m².

For you as a buyer or investor, this means an immediate price advantage below the current market value and thus an ideal entry opportunity.

Enormous Potential for Rent and Value Increase

For forward-thinking investors, this constellation offers tremendous development potential:

• Rent increase potential in the existing portfolio: Take advantage of the legal framework for gradually adjusting existing rents to the usual market level.

• Profitability with new rentals: In the Cologne South City, new rents of up to EUR 22 per m² can currently be achieved when tenants change – a huge lever for your future rental yield.

• Sustainable retirement provision: Whether you are laying the foundation today for your children’s future residence or seeking an attractive retirement home in one of Cologne’s most popular neighborhoods – this property combines location quality with lasting value.

Highlights at a Glance

• Prime location: Cologne South City (high demand, excellent infrastructure)

• Apartment sizes: 35 m² to 116 m² (1 to 4 rooms)

• Attractive purchase price: approximately EUR 4,850 - 5,200 per m² (market value of comparable properties: approximately EUR 6,500 per m²)

• Modernized condition (see also remarks on equipment)

• High income reserves: Current rent averages about EUR 9 per m² vs. new rents in South City up to EUR 22 per m²

• Sales status: 12 out of 31 units already successfully sold

• Commission-free directly from the owner

Take advantage of this rare opportunity to purchase below market price in Cologne South City and to benefit long-term from the dynamism of this top location!

High Quality of Living: Cologne South City offers an urban atmosphere with numerous cafés, restaurants, and shopping opportunities.

Excellent Transport Connections: The subway, bus, and main station are quickly accessible.

Attractive Tenant Structure: Steady demand from professionals, students, and expats.

Highlights of the Apartments:

• Long-term, very attractively rented – all apartments are solidly rented, ensuring immediate income.

• High ceilings – up to 3.20 m high in some cases, with a classic old building charm.

• New windows – high-quality triple-glazed Schüco windows with an integrated ventilation system have been renewed in all apartments.

• Daylight bathroom – bright and welcoming bathrooms with natural light.

• Balcony – most apartments feature a southwest-facing balcony.

• Optimal layout – efficient space planning, with some apartments even ideally suited for shared flats.

• Gas-fired individual heaters – each apartment determines its own consumption, enabling individual heating cost billing.

• Insulated facades – energy-efficient exterior walls ensure reduced heat loss.

• Modernized staircase – fresh plaster, a new coat of paint, and new motion-sensor lighting for enhanced comfort and safety.

• 12 of 31 units already sold.

ATTENTION:

Please note that inquiries will only be answered if you provide your complete contact details (name, address, telephone number, email).

Furthermore, please note that I can only respond to inquiries from INVESTORS (so please explicitly confirm this in your inquiry).

Inquiries from owner-occupiers are possible, provided you are aware that there is a statutory notice period of 8 years for owner-occupied use (in Cologne).

To protect the privacy of the tenants, we ask for submission of proof of financing (financing certificate or equity proof) prior to scheduling a viewing appointment.

"There are no vacant apartments available for immediate occupancy."

No broker inquiries. Unrequested contact by real estate agents constitutes an impermissible nuisance under § 7 paragraph 2 No. 1 UWG and will not be responded to.

THANK YOU VERY MUCH FOR YOUR UNDERSTANDING.

- Non-binding -