Yield package in Cologne-Sülz: 4 underground parking spaces fully let in prime location

For sale are 4 rented parking spaces in a package at Rhöndorfer Straße 8 in Cologne Sülz for a total of € 154,000. Individual purchase possible for €40,000 / unit. This investment package in a sought-after top location in Cologne is a real rarity.

The parking spaces are currently rented for € 105.00 per month each. The rent is experiencing a steady, pleasing development for investors. Over the last 10 years, monthly rental income has risen by over 300 %. In the context of new rentals, € 135.00 per month is already regularly asked for a parking space in the micro-location.

Further residential development is planned in the immediate vicinity, which will intensify the demand for parking spaces, which are already in short supply.

The parking spaces are located in a well-kept community of owners managed by a professional caretaker. A janitor is regularly on site for maintenance. A modern, high-resolution video surveillance system was recently installed throughout the building to meet the requirements of the tenants.

Access to the underground garage, which extends over just one floor, is via an electrically operated roller shutter door.