House for sale in Monchengladbach, Germany

Property Description: This row house consists of a front house and an annex at the rear of the property. The building is two stories high, partially basemented, and has a gross floor area of 243 m². It was built in 1934. The front house serves as a residential building with a shop. The layout is as follows: In the basement, there are 2 cellar rooms; on the ground floor, there is a building passage, a toilet, and 2 rooms; on the upper floor, there is a hallway, a kitchen, and 2 rooms; in the attic, there is a hallway, an attic, and 2 chambers. The annex has a bakery on the ground floor. As the building cannot be entered, it is assumed that significant renovation or repair work is required. Therefore, it is considered a risky property. Price Thoughts: The property is listed for sale at a market value of €103,000. However, there is an opportunity to potentially secure a 30% discount on the market value, bringing the price down to €72,100. Additionally, there are no notary fees or agent commissions to be paid. This property is being auctioned by the local district court and presents a unique opportunity for investment or renovation. Contact us for further information and to explore more cost-effective real estate options in our monthly auction catalog.