House for sale in Duisburg, Germany

As a potential buyer, this property is an interesting option for real estate investment and lifestyle purchase. The property is a former office building that has been converted into a single-family home with a flat roof and one-story height. It has 82 square meters of living space and is located in Duisburg. The property has a history that dates back to approximately 1953, but the exact construction year is unknown. Upon inspection, the property is in need of substantial renovation and maintenance. The previous state of the property was discovered during a visit in 2018, which indicated that the existing structure needs significant repairs. Additionally, the layout and features of the property may not be suitable for current market demands, which can lead to additional costs for adaptation if the property is to be used for other purposes. However, from an investment point of view, the property has potential. The land has not been utilized optimally and could be repurposed for a more profitable use. In this case, it might be more efficient to demolish the existing structure and rebuild or repurpose the land. This could open up new opportunities for the property and result in higher profits in the long run. For those interested, it is essential to contact the estate agent via telephone, Monday to Friday between 8:00 and 20:00, or on weekends and bank holidays from 10:00 to 18:00 CET. The property will be auctioned at the local court, and potential buyers are offered a 30% discount on the market value as part of a competitive auction. The sale of this property is facilitated by a reputable real estate company, which is offering various other interesting properties in their monthly catalogs for a negligible fee. In conclusion, the property offers potential for a savvy investor who is willing to undertake substantial renovation work or demolish the structure to repurpose the land. The property is priced attractively, and the competitive auction model also offers a chance to obtain the property at a lower price. Keep in mind, however, that houses of this type and in this condition vary greatly in terms of location, needs adjustments, and the potential future rental income. Therefore, additional due diligence is required to estimate the property's potential and determine whether it is the right investment opportunity for you.