House for sale in Duisburg, Germany

Property Description: Multipurpose building with apartments, clubhouse, and commercial spaces, three floors, basement, converted attic, approximately 400 square meters of residential and commercial space, built around 1908. The building is currently vacant except for the ground floor. A detailed interior inspection was mostly not possible. In 2021, the building was inspected by the city of Duisburg (Task Force Problem Properties). As a result, verbal prohibitions were issued for the use of the upper floors. Reports from TÜV-Nord and the Duisburg Fire Department were added to the file. The property is in an uninhabitable condition and has no economically usable remaining lifespan. Overall, this is a property that is to be liquidated. Price Thoughts: The property is being auctioned off by the competent district court with an appraised value of 35,900.00 EUR. There is a possibility to secure a 30% discount on the appraised value, allowing you to acquire the property for only 25,130.00 EUR. Additionally, notary fees and agent commission are waived. This property presents a unique opportunity for an investor or developer looking to acquire a property at a discounted price.