This well kept and friendly four-star accommodation was erected in 1995 and offers tremendous potential for future development. With its current commercial use the floor area has 2.838 m². Alternatively, the building could be converted into 34 residential units, 60 apartments or office space. This flexible structure makes it ideal for long-term and pioneering use.

Location:

The hotel is situated in the South Western part of Cologne. It is close to the city centre and boasts a direct connection to the motorway and the railway network. The airport Cologne/Bonn is only 15 minutes away.

Cologne is a business and cultural metropolis with an international reputation and home to a number of old-established broadcast companies, record labels, and publishing houses.

General facts:

Plot size: 3.385 m²
Floor area (current commercial utilisation): 2.838 m²
Alternative floor area: 2.349 m²
(34 residential units or 60 apartments)
Construction year: 1995
Annual rental income: 235.000,- €
Annual rate of return: 7%
Condition of structure: very good
Purchase price: on request