House for sale in Remscheid, Germany

Property description: A two-story hotel with 19 rooms, a restaurant, a living space, and an attic conversion. The total living area is 133 square meters and the total floor area is 1,446 square meters. Additionally, there are 4 garages and 47 outdoor parking spaces. The building was constructed in 1889. Next to the hotel, there is a two-story duplex with a living area of 160 square meters. The duplex includes a garage building that was built before 1894 and renovated in 1914. An additional garage was added in the years 2002/03. The property also includes green areas, wooded areas, and other amenities. The heating is provided by a gas central heating system; however, the commercial use of the hotel is not permitted. Price thoughts: The listed price for the property is 944.410€. Considering the size of the property, the number of amenities included, and the potential for rental income from both the hotel and the duplex, the price seems reasonable. Additionally, with the possibility of securing a 30% discount on the market value, bringing the price down to 661.087€, this could be a great investment opportunity. With the added benefit of no notary fees or agency fees, this property offers good value for potential buyers looking to acquire a unique and versatile property in Remscheid.