House for sale in Duisburg, Germany

Property Description: Multi-purpose building with apartments, clubhouse, and commercial spaces, three floors, basement, converted attic, approximately 400 square meters of living and usable space, built around 1908. Except for the ground floor, the building is currently vacant. A detailed interior inspection was not possible in most parts. In 2021, the building was inspected by the city of Duisburg (Task Force Problem Properties). As a result, verbal prohibitions on the use of the upper floors were issued. Reports from TÜV-Nord and the fire department in Duisburg were added to the file. The property is in an uninhabitable condition and no longer has any economically usable remaining life. Overall, this is a property that is to be liquidated. Price Thoughts: The listed price for this property is 35.900,00 EUR. However, there is a potential opportunity to secure a 30% discount on the appraised value, bringing the price down to just 25.130,00 EUR. Additionally, there are no notary fees or agent commission to be paid. This property may require significant renovations and repairs due to its current condition, but with the potential for a discounted price and spacious layout, it presents an attractive investment opportunity for the right buyer. If you are willing to take on the challenge of restoring this property, it could prove to be a rewarding project in the long run.