LEASEHOLD for 99 years, a secure capital investment!
50997 Köln5th floor
At a glance
Property Description
Offered is a 3-room flat, type D.
The flat and the multi-family house are situated on a plot of land that has been subject to leasehold since 1972. The leasehold has a term of 99 years and ends in 2071. The entire leasehold ground rent has already been paid, so that the new owner will incur no costs as a result.
The flat has been permanently let since 01.06.2023.
Cold rent: €550.00 per month
Service charges: 300.00 euros per month
Warm rent: 850,00 Euro per month
Service charge: 414,00 Euro monthly
The flat represents a solid source of income. For investors, this offers the possibility of stable profitability, while the unrenovated property offers potential for future value appreciation.
This multi-family house represents an attractive opportunity for investors seeking a stable return through long-term rental income. The leasehold offers long-term use of the plot until 2071, which should be taken into account in the pricing.
Fittings
The flat is located on the 5th floor of an apartment building comprising a total of 167 flats. It offers a living space of 64.6 m² and comprises 3 rooms. The flat is unrenovated and is being let/sold as such, giving potential buyers the opportunity to design it according to their own wishes.
Loggia: The flat has a loggia, which provides additional outdoor space.
Property data
| Property types | Flat, apartment |
| Address | 50997 Köln (Meschenich) |
| Floor | 5 |
| Floors in the building | 16 |
| Floor location | 5 |
| Living space approx. | 64,60 m² |
| Rooms | 3 |
| Bedroom | 1 |
| Bathroom | 1 |
| Available from | by arrangement |
| Fittings | Simple |
| Service charge | 392 € |
| Rental income | 850 € / month |
| Heating type | District heating |
| Primary energy source | District heating |
| Year built | 1974 |
| Condition | well-maintained |
| Buyer's commission | 5000 Euro incl. VAT The commission is earned upon the purchase agreement taking effect and is payable immediately! The commission is due upon notarisation of the purchase agreement. |
| Purchase price | 84,900 EUR |
Energy performance certificate
| Type of energy performance certificate | Consumption certificate |
| Year built according to energy certificate | 1974 |
| Primary energy source | District heating |
Location
The flat is located in the district of Mechernich, a quiet and green area in the south of Cologne, with good access to public transport and major roads. The surrounding area offers a pleasant blend of urban comfort and rural charm. Shopping facilities, schools and leisure amenities are all in the immediate vicinity.
50997 Köln, Germany (view on Google Maps)
Commission, right of withdrawal and notices
>The commission is earned upon the effectiveness of the purchase agreement and is payable immediately! The commission is due after the notarisation of the purchase agreement.
Cancellation Policy
Right of Withdrawal
You have the right to withdraw from this contract within fourteen days without giving any reason.
The withdrawal period is fourteen days from the day the contract is concluded.
To exercise your right of withdrawal, you must inform us (L&B Immobiliya EuRus GmbH, Frankfurter Allee 18, 10247 Berlin, Tel: 030 76214976, Email: info@immobiliya.de) by means of a clear declaration (e.g. a letter sent by post or an email) of your decision to withdraw from this contract. You may use the attached model withdrawal form, although this is not obligatory.
To meet the withdrawal deadline, it is sufficient that you send your notice of the exercise of the right of withdrawal before the withdrawal period expires.
Effects of withdrawal
If you withdraw from this contract, we shall reimburse to you all payments received from you, including the costs of delivery (with the exception of the supplementary costs resulting from your choice of a type of delivery other than the least expensive type of standard delivery offered by us), without undue delay and in any event not later than fourteen days from the day on which we are informed about your decision to withdraw from this contract. We will carry out such reimbursement using the same means of payment as you used for the initial transaction, unless expressly agreed otherwise with you; in any event, you will not incur any fees as a result of such reimbursement.
