House for sale in Hille, Germany

Property Description This property is a residential building with 1 to 2 floors, partially basemented, and with various additions such as a former workshop, a storage unit, a glue room, a wood storage area, a cutting room, and a woodshed / carriage house. The total gross floor area is 2,520 m². The building dates back to before 1910, with an extension added in 1925 for a furniture factory. The property includes multiple parking spaces and access roads. With the exception of a rented storage building, all commercial units and apartments are vacant. The main house features wood and plastic windows with shutters, while the additions have either wood windows or glass blocks. The overall technical equipment of the building is unknown, as interior inspections were difficult. There is a significant maintenance backlog, inadequate thermal insulation, and various water and moisture damage to ceilings, walls, and floors. Some cellar areas were flooded (it could not be definitively determined whether this was caused by groundwater), and the inspected area was uninhabitable or unusable. The outdoor facilities appear neglected and partially overgrown. Due to its previous commercial use as a construction and furniture joinery (school furniture, operation from 1945 to 1992), the property has been included in a corresponding registry as potentially contaminated. Price Thoughts The property is listed for sale at a very low price of 1€. Given the extensive maintenance required and the potential for contamination due to its previous use, the price reflects the condition of the property. However, there is a possibility of securing a 30% discount on the listed price, bringing the purchase price down to 0.70€. Additionally, there are no notary fees or agency commissions involved in the purchase. This property presents a unique opportunity for buyers looking to acquire a fixer-upper at a discounted rate. Buyers should consider the potential costs of renovations and environmental assessments before making an offer on the property.