House for sale in Essen, Germany

Property Description The building consists of apartments and a former restaurant. It spans one to two floors, is partially basemented, and has an attic. The total living space is 258 square meters, with a usable area of 227 square meters. There is also a former bowling alley with a usable area of 37 square meters, as well as additional outbuildings including a workshop (57 square meters), six garages, storage, and ancillary buildings. The building complex dates back to the years 1879 to 1927. Heating is provided by a gas boiler. Due to the different inclinations of the roof of the main building, the house extends over three floors on the southeastern and rear side. Some of the outbuildings are in a precarious condition and the rearrangement process has already been initiated. A complete interior inspection was only partially possible. Thoughts on Price The property is being auctioned by the competent local court with a market value of 170,000.00 EUR. It is possible to secure a discount of 30% on the market value, resulting in a purchase price of only 119,000.00 EUR for the above-mentioned property. Additionally, notary fees and brokerage commissions are waived. This property offers great potential for renovation and investment, especially considering the discount available. It is a unique opportunity to acquire a property with historical charm at a reduced price.