Kensington Exclusive Unique Apartment Building Of Superlatives With Penthouse Ready For Occupancy

The apartment building in Cologne-Mülheim, built in 1890, combines historical charm with modern living comfort and is located directly on the Rhine. Between 2014 and 2016, the building was extensively refurbished and converted into a high-quality residential property with five units, four of which are rented out. The property has already been subdivided and the declaration of division is available.
The apartments each offer approx. 50 m², two rooms and a balcony or terrace and are ideal for singles or couples. The exposed façade emphasizes the character of the listed building. The structural requirements for the installation of an elevator are in place. In addition, a completely renovated basement is available as storage space.
The highlight of the building is the newly built penthouse, which extends over two levels and 115.24 m². It combines industrial style with exclusive design - including a Bulthaup kitchen, custom-made fixtures and fittings and high-quality furnishings (furniture optional). The open-plan living and dining area offers an impressive view of the Rhine through large windows. Brick walls, parquet flooring and an ornate iron staircase characterize the ambience. On the upper level there is a bedroom, home office and a luxurious bathroom. The approx. 9 m² balcony offers an incomparable view of the Rhine. A pulley between the first floor and the penthouse adds to the industrial character.
The annual net cold rents amount to € 73,200 including potential rental of the ready-to-occupy penthouse.