House for sale in Duisburg, Germany

Property Description: This property is a semi-detached residential and commercial building (3 apartments, store) with 3 floors, basement, and partially converted attic. The total living area is 350 square meters, with a usable area of 100 square meters. The building has balconies and was built in the year 1900. It also includes a pathway area. The overall appearance of the property suggests that it is in a heavily neglected condition. An inspection of the vacant building was not possible as the city of Duisburg has prohibited its use due to fire safety issues and other deficiencies. Price Thoughts: The property is being sold at a traffic value of 103,000.00 EUR. There is a possibility of securing a 30% discount on the traffic value, bringing the price down to 72,100.00 EUR. Additionally, notary fees and agency commissions are waived. Overall, this property presents an opportunity for potential buyers to acquire a unique investment at a reduced cost, but it is important to consider the extensive improvements and renovations that may be required due to the current condition of the building.