Building for sale in Duisburg, Germany

Property description: This property is a residential and commercial building with 5 apartments and former bank premises. It spans 4 floors, is basemented, and has a total of 574 m² of living space and 2,967 m² of usable space. In addition, it has an underground garage with 25 parking spaces and 15 outdoor parking spaces. The building was constructed in 1983. The heating is provided through district heating, which was modernized in 2007. The equipment on the ground floor mostly still reflects the original use. The construction costs of the building were above average, however, the structural condition is rated as average. There are areas with maintenance backlog as well as renovation and modernization requirements. A large part of the building is purpose-built with individual layouts and limited usability for other purposes, especially on the ground floor. The apartments are intended to be vacant, however, they were not cleared at the time of the valuation and were partially still furnished (office furniture, IT equipment, kitchen facilities, artwork). Additionally, deregistered vehicles, unspecified goods on pallets, and machinery 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. This property will be auctioned at the competent Local Court. Market value: 2,540,000.00 EUR. Potentially secure a 30% discount on the market value and therefore pay only 1,778,000.00 EUR for the above-mentioned property. Notary fees and agency commission are also waived. This is one of many interesting properties that we publish in the current, monthly issue of our cost-effective REAL ESTATE AUCTION CATALOG. Secure this information now to acquire your desired property inexpensively. Catalog info: Phone number 0221-97459790. Regarding the price of the property, the market value of 2,540,000.00 EUR seems reasonable given the size of the building, the number of units, and the additional amenities such as the parking spaces. The potential to secure a 30% discount may be attractive to potential buyers looking to invest in this property. Additionally, the opportunity to acquire this property without notary fees and agent commission could make it even more appealing.