Object description
This is a purely commercially used building, constructed in 1990 on a plot of approx. 1,414 m². The property impresses with a high-quality natural stone facade and a representatively designed entrance area, underscoring the institutional character of the object.
The total leasable area is approx. 3,459 m². Additionally, 54 parking spaces are available in a shared underground car park (with an adjacent residential complex), ensuring convenient access for employees and visitors.
The property features a diversified and creditworthy tenant structure from public, commercial, and high-frequency uses. Lease agreements are predominantly long-term, extending until 2028–2030, including:
a public tenant (Protestant Parish Association),
a large-scale retail tenant (dm drugstore),
gastronomy and other commercial units.
The current annual net cold rent (JNKM) as of 01.09.2025 is € 369,478.44.
Through contractually secured rent increases, the rent will predictably rise to:
€ 430,828.44 p. a. from 01.07.2026
€ 440,428.44 p. a. from 01.01.2027
This represents a secured rent increase of approximately +19% within about 16 months, without re-letting or market risks, forming the basis for an attractive return.
The office spaces feature modern, functional floor plan structures with meeting zones, sanitary areas, and kitchenettes, and are in good to as-new condition.
Conclusion: Representative commercial property with long-term secured cash flow, clearly defined rent increases, and a stable tenant structure – an attractive capital investment with a high degree of planning certainty.
Location & surroundings
The property is located in a sought-after northern inner-city area of Cologne, at the intersection of the districts Weidenpesch / Nippes / Niehl. The location combines an established business and service structure with very good urban accessibility and excellent infrastructural connections.
Nieler Straße is an important traffic artery in northern Cologne, ensuring quick connections to both the city center and the supra-regional road network (including Zoobrücke, North-South axis, motorway connections A1/A57). The location is excellently accessible by car and public transport; several tram and bus lines are within walking distance.
The immediate vicinity is characterized by office and administrative uses, medical facilities, public institutions, and residential buildings, ensuring stable daily and visitor frequencies. Shopping and supply facilities, gastronomy, and service providers are in close proximity, especially in the lively Nippes district.
The location is ideal for public users, medical facilities, office and service businesses, and from an investor's perspective, it convinces with its sustainable rentability, the creditworthiness of the tenant structure, and its central position within a growing and sought-after urban area.
