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42897 Remscheid
Property Description: A two-story hotel with 19 rooms, a restaurant, and a apartment, as well as a converted attic. The total living space is 133 square meters and the total usable space is 1,446 square meters. In addition, there are 4 garages and 47 outdoor parking spaces. The building was built in 1889. Next to the hotel is a two-story two-family house with a living area of 160 square meters. The house has a garage building that was built before 1894 and converted in 1914. Another garage was added in the period of 2002/03. The property also includes green areas, wooded areas, and other amenities. Heating is provided by gas central heating; hotel use is legally prohibited. Price Thoughts: The property is listed for 944,410€, but there is potential to secure a 30% discount on the appraised value, bringing the price down to 661,087€. In addition, there are no notary fees or agency commissions. This property presents a unique investment opportunity with a range of potential uses, from restoring the hotel to converting the space for different commercial or residential purposes. The combination of historical charm and modern amenities makes this property a valuable asset in the real estate market.
42897 Remscheid