House for sale in Remscheid, Germany

From a buyer's perspective, this property is described as a two-story residential and commercial building with a total living and usable area of 598 m², including a two-story workshop building (256 m²), a two-story outbuilding (62m²), and a garage. The building was constructed in the first half of the 19th century and is protected as a heritage site. The property's estimated market value is €115,500, and you, as a potential buyer, could secure a 30% discount and pay only €80,850 for the property, which also includes savings on notary fees and commission. This price includes the auction fee of €12,000. The property is being auctioned by the responsible court and offers a range of options for use, such as residential, commercial, or business purposes. The property is located in Remscheid, which has been known for its industrial background, primarily in metalworking and the production of furniture and footwear. However, the description suggests that the property shows signs of having not been properly maintained and may require some renovation and refurbishment. Additionally, it was not possible to personally inspect the property, and its overall condition is estimated based on an initial visual inspection. As such, it is advised to contact the auctioneer for additional information regarding the property. As a real estate investment, this property offers a significant potential for improvement and creating value, given its size, location, and historical significance, which could be used to attract a wide range of buyers. From a lifestyle perspective, owning this property could provide the opportunity for establishing a business or transforming it into a world-class, high-end residence. However, buyers should be willing and financially capable to deal with the potential renovation and maintenance required to bring the property to its full potential.