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House for sale in Hamm, Germany
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House for sale in Hamm, Germany

330 000€

59067 Hamm

Investment Breakdown

Gross Yield:

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Time to pay off with rent:

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Price Difference:

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Expected Rent:

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Property description

Property description: Two-story residential and commercial building with two apartments and a retail space, fully basemented and with a converted attic. The living area is 105 sqm, with a total usable area of 167 sqm. In addition, there is a single-story annex without a basement, used as a practice, providing a usable area of 40 sqm. A storage area with a garage and outdoor facilities is also attached. The building was constructed in 1950. Heating is provided by a central heating system, and only the ground floor of the main building (with the retail space) was available for viewing. Thoughts on price: The property is currently being auctioned at the local court with a market value of 330,000.00 EUR. However, there is a possibility of acquiring a 30% discount on the market value, allowing for the purchase of the above-mentioned property for only 231,000.00 EUR. Additionally, notary fees and agent commission are waived. This presents a fantastic opportunity for potential buyers to secure a property at a discounted price.

Location

59067 Hamm

Date added: 15.11.2024

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