PROJECT STATUS: Sale completed.

Ritterburg in direct proximity to Cologne

Project:

The listed, historical “Ritterburg” castle in the direct vicinity of Cologne has a very good infrastructure and extremely high recreational value. By the end of 2021, it will be divided into 26 apartments (maisonette/, floor/ and loft apartments).  

History:

The historic knight’s castle was first mentioned in a document as early as 1079 and will now shine in new splendour some 940 years later by master craftsmen and become a top residential address in the Cologne area. Become the owner of something very special here! In the immediate vicinity of Cologne, apartments of the absolute top class are being built in green surroundings. Around the year 1143 an Adolf von Angelsdorf is mentioned. In the 12th century a bailiff court of the bailiffs Werner and Carsilius von Kerpen convened. The largest landowner was the Cologne monastery of St. Pantaleon, to whom the tithe belonged. In the 13th century there was already a church in the village, which was described as a parish church in the “liber valoris” (tax register of the archbishops of Cologne) around 1300. Above the courtyard entrance is the coat of arms of the Wolf family. The coat of arms is also found on the family’s tomb in the Catholic parish church of St. Lucia. In the manor house there are remains from the 16th century. In 1725 – dated by anchor numbers – an expansion took place. In 1750, farm buildings were added to the four-winged castle complex. The closed, four-wing complex of the knight’s castle as a former seat of nobility consists of a manor house, a large barn and a two-wing shed. The beginnings of the knight’s castle date back to the 16th century; according to anchor figures, the manor house was built in 1725 and the remises in 1750 and renovated in 1905.

Location:

The knight’s castle has been on the list of monuments since 1985/1988 and is situated in a quiet location, yet in the centre of the village. With the newly built 26 residential units, surrounded by 20 semi-detached houses in further construction phases, it will become the first residential address. In the protected park the residents will find space to relax and the children will find space to play. Our property in the Rhein-Erft district is located in the middle of the city triangle of Cologne, Düsseldorf and Aachen. It is only 20 kilometres to the city of Cologne with its millions of inhabitants. The Benelux countries can also be reached quickly. The international airports Cologne/Bonn (45 km), Düsseldorf (65 km) and Maastricht/Aachen (85 km) can be reached in less than an hour. The port of Cologne Niehl is only 47 km away. The infrastructure is also excellent, shopping facilities, schools, hospital, etc. are in the immediate vicinity, and there are also numerous possibilities for leisure activities. Golf clubs, riding stables, an open-air swimming pool, a karting track of the seven-time Formula 1 winner, which is well known beyond the borders of the country, and the location directly adjacent to the nature reserve complete the offer. Gourmets are also catered for here – you are welcome to end a wonderful day in the star restaurant of the nearby castle. As you can see, the possibilities are manifold and will lead to an ideal living experience for the future residents.  

Ambience:

The perfect harmony of historical roots and modern design language makes successful architecture worth living. Old building fabric is skilfully combined with industrial-looking girders and constructivist steel and glass elements – in between accents of filigree, satin-finished stainless steel. Transparent walls and accessible ceiling elements made of + glass as well as atriums create an airy feeling of space, while wooden floors are grounded in warm natural tones. Manor houses with attractive loft architecture and a symbiosis of listed buildings and modern design elements are rare and attractive for buyers and tenants alike. This has been the case in the past and will remain so in the future.

Advantages:

Share of refurbishment costs Living space Purchase prices Completion
65% 41 – 119 m² 198.317 – 572.277 € 12/2021

 

Capital investors and owner-occupiers receive a turnkey property on the basis of a property development contract. In the past, rents for listed manor houses were above the average of the surrounding rents. This is based on the quality of the construction and the exceptional architecture of the apartments in the monument. The construction progress and the construction quality are monitored by qualified experts and engineering offices. All specialists have many years of experience in the supervision of construction projects or listed buildings.

Here are the highlights for you at a glance:

  • Top investment property just outside the gates of the sought-after metropolis of Cologne
  • First-class location with fast motorway access and ideal infrastructure
  • Idyllic and stately estate living in a former knight’s castle
  • Living in a community or undisturbed by nature
  • Architectural highlight, documented mention already in 1079
  • High quality equipment, real wood floorboards, underfloor heating, showers down to floor level
  • 26 units ranging from 40.89 sqm to 119.49 sqm, most of them under 90 sqm.
  • Apartments and row houses 2-4 rooms with individual floor plans
  • Purchase prices from 198.317 Euro
  • Restoration costs share approx. 65 % (Increased depreciation of monuments – List of monuments of the town of Elsdorf under the serial numbers 17+41) registered since 20.3. and 3.5.1988)
  • Full financing of the purchase price possible at attractive interest rates
  • KfW Programme 151 (up to € 100,000, interest 0.75%, repayment subsidy 12.5%)
  • Calculated rent 9,50 – 10 € / sqm
  • Completion 12/2021, rental from spring 2022
  • 18 carports and 25 car parking spaces
  • Initiator with more than 30 years of experience in the field of manor renovation

Take advantage of the time advantage and contact us promptly so that you still have the possibility of an attractive accommodation unit. Of course we can also arrange an individual viewing appointment. We will be happy to assist you with the calculation and with the preparation of an investment proposal.

KfW-funding

Long-term low-interest loans from the KfW Bank The following programs are offered by the Kreditanstalt für Wiederaufbau for the property “Knight’s castle near Cologne”: Credit 151/152, KfW Energy-efficient renovation

  • 0.75 % annual percentage rate of charge
  • for all who renovate living space energetically or buy renovated living space
  • up to EUR 100,000 for each residential unit at the KfW Efficiency House or EUR 50,000 for individual measures
  • Save money – pay back less: up to 12,500 Euro redemption allowance
  • Alternatively, as a private person you can choose the grant programme 430.

More information on the KfW Programme 151/152 at www.kfw.de