Apartment in the attic, built without proper permits, but currently generating rental income.

For sale is an approximately 40 m² attic space in Cologne-Ehrenfeld, which is currently rented out for residential purposes. The current net rent is €480 per month, which equates to an annual net rent of €5,760. Important note regarding the building regulations:
There is currently no building permit in place for the use of the attic space as a residential area. Furthermore, due to the existing ceiling heights, it is uncertain whether a permit for residential use can be obtained retroactively. The seller therefore explicitly does not guarantee that a permit can be obtained. The space is being sold in its current condition. Potential buyers should explicitly consider the building regulations situation when evaluating the property and, if necessary, should independently verify the situation with the relevant authorities or a qualified expert. Due to this particular situation, the property is being offered at an attractive purchase price. For investors, the property currently offers ongoing rental income. At the same time, the unauthorized residential use presents a particular legal and economic risk, which has already been factored into the purchase price. This sale is particularly suitable for buyers who are familiar with such special situations and who can independently assess the opportunities and risks associated with the current use. We will gladly provide further documentation and information regarding the existing lease agreement to those who are seriously interested.

Cologne-Ehrenfeld is one of the most popular districts in Cologne, and it stands out for its excellent infrastructure, diverse restaurants, shopping opportunities, and its good connections to the city center and public transportation.

The high demand for housing makes this location attractive for investors in the long term.

This is an interesting opportunity to invest in a property in one of Cologne's most sought-after residential areas and benefit from the development potential of the location.