Building for sale in Duisburg, Germany

Property Description This property is a residential and commercial building with 5 apartments and former bank rooms. It spans across 4 floors, has a basement, and a total living area of 574 m² and a total usable area of 2,967 m². In addition, it has an underground garage with 25 parking spaces and 15 outdoor parking spaces. The building was built in 1983. Heating is provided through district heating, which was modernized in 2007. The ground floor still mostly resembles its original use. The construction costs of the building were above average, however, the structural condition is considered average. There are areas in need of maintenance, as well as renovation and modernization requirements. A large part of the building is purpose-built with individual floor plans and limited usability for other purposes, especially on the ground floor. The apartments are supposed to be vacant, but at the time of valuation, they were still occupied and partially furnished (office equipment, IT systems, kitchen furniture, pictures). Abandoned vehicles, unidentified goods on pallets, and machines were also found (which cannot be considered as accessories). Please contact us for further questions by phone, Monday - Friday from 08:00 - 20:00, Saturdays/Sundays 10:00 - 18:00 at the phone number 0221-97459790. Price Thoughts The property is listed for sale at a purchase price of 2,540,000 EUR, but there is the possibility of a 30% discount on the property's market value, bringing the price down to 1,778,000 EUR. This discount, along with the removal of notary fees and broker commission, makes it a potentially lucrative investment opportunity. The property may require some renovations and modernizations, but with the right vision and resources, it has the potential to be a valuable asset. If you're looking for a property with potential at a discounted price, this could be the opportunity you've been waiting for.