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53604 Bad Honnef
Property description: This property consists of a residential and commercial building with 10 apartments, 24 single rooms, and a retail space. It is two stories high, with a basement (garage) and an converted attic. The total living and usable space is 1,771.36 square meters. There are 11 parking spaces in the garage and it was originally built as a hotel in 1903. The single rooms feature shared kitchens and bathrooms, as well as gas heaters for heating. A comprehensive renovation and expansion have been started but not yet completed. Thoughts on price: The property is currently being auctioned by the local court for a price of 3,850,000.00 EUR. However, there is a possibility to secure a 30% discount on the market value, bringing the price down to 2,695,000.00 EUR. Additionally, there are no notary fees or agency commissions to be paid. This property presents a great investment opportunity for those looking to acquire a unique real estate asset in a bustling area like Bad Honnef.
53604 Bad Honnef