House for sale in Hannover, Germany

Property Description A four-story multi-family house with 10 apartments and a basement, featuring an attic. The apartments range in size from 35 to 60 sqm, totaling a living area of 558 sqm. There are also six garages built in 1985. The building dates back to 1875 and is located in a historic working-class neighborhood, with a passage to a backyard. The property has been found to have some structural issues requiring extensive renovation. Unfortunately, interior viewings of the apartments and garages were not possible. Price Thoughts The property is being auctioned at a valuation of 506,000 EUR. However, there is a possibility to get a 30% discount on the valuation, making the final purchase price 354,200 EUR, excluding notary fees and agency commission. This property presents an opportunity for potential buyers looking to acquire a unique investment in a historical neighborhood with potential for renovation and value appreciation.