House for sale in Gelsenkirchen-Buer, Germany

Property Description Two-sided attached residential and commercial building with 8 apartments and a mosque, consisting of 3 floors and a basement. The converted attic offers a total of 352 square meters of living space and 193 square meters of usable space. There are also two additional extensions and a courtyard with 5 garages. The building was built in 1902, rebuilt in 1958, and the garages were added in 1991. In 1984, the former restaurant was converted into a mosque. The courtyard is only accessible through the neighboring property (access through the house). The building is in an above-average poor condition, and there is consideration of demolishing all buildings as it is seen as the most economical solution. An interior viewing was not possible. Price Thoughts The property is being auctioned by the local court with a market value of 136,000.00 EUR. A potential 30% discount on the market value can bring the purchase price down to 95,200.00 EUR, making it a potentially attractive investment opportunity. It's worth considering the potential costs and efforts required for renovation or redevelopment due to the poor condition of the building before making a decision.