Multi-family house listed building Cologne Mülheim with project development building reserve

The listed multi-family house on offer here was built around 1905 on a plot of approx. 538 m². It is in a well-kept condition.
Spread over four floors and the converted attic, the property houses 9 well-designed 1-4 room apartments. The apartments are between approx. 28 and 80 m² in size.
There is also the possibility of creating a 30 m² apartment in the annex (old laundry room in the attic).
In the rear part of the property there is another house for which an architect's design already exists.
At least 2 apartments can be built there.
One with approx. 100m², over 2 floors with a small garden and a garden house (sole use).
The smaller apartment would have approx. 60m² and would also have 2 floors and a large roof terrace (approx. 20m²). Each apartment has its own entrance.
The house has already been gutted.
There is also a spacious garage/hall at the rear of the property.
There is also the possibility of a facade advertisement on the house gable above the advertising board.
A rent of approx. 250€ could be achieved here.
5 apartments have gas floor heating, 3 small apartments are connected to central heating, one small apartment still has night storage heaters.
Rentability is not a problem here at all (min.15€ net/m²). There are only vacancies for renovations.
The demand for living space here is overwhelming.
The actual net rent includes a notional net rent of €15/m² for the owner-occupied top floor apartment.
A 47m² apartment is rented at a reduced rate to a relative. A figure of €10/m² is to be assumed here.
Achieving the €110000 target net annual rent is no problem at all.
The floor plans are to be understood as a sketch to clarify the room layout.

The apartment building is located in 51065 Cologne-Mülheim, an up-and-coming district of Cologne with a good infrastructure and a lively atmosphere that offers all the advantages of urban living.
Everything you need for your daily needs is within walking distance. Frankfurter Strasse is only around 450 meters away.
Wienerplatz is also only approx. 600 m. There are also a variety of other shopping facilities in the immediate vicinity, such as a DM supermarket, an Aldi, a Lidl, a REWE, several bakeries, etc.. Health care is provided by many medical practices, which are only 400 meters away. The nearest pharmacy is also within walking distance.

The beautiful banks of the Rhine in Mülheim are ideal for walks and are only around 10 minutes away on foot. Several fitness studios, the "Schauspiel Köln" theater, the "Das Palladium" concert hall and the "Kulturbunker" event hall also offer attractive leisure activities nearby.

The gastronomic offerings in the neighborhood also leave nothing to be desired: the "Gilden Brauhaus", the "COQ AU VIN" restaurant and a steakhouse are all less than a kilometer away and invite you to enjoy.

The public transport connections are excellent with various bus and train stops within walking distance. In addition, the freeway entrances to the A3 and A4 are only about 1 kilometer away, with good connections to Frankfurt, Düsseldorf and Aachen. This attractive location therefore offers excellent connections and all the amenities of an urban lifestyle.