House for sale in Remscheid, Germany

Property Description: A two-story hotel with 19 rooms, a restaurant, and an apartment, as well as a converted attic. The total living space is 133 square meters and the total floor area 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. An additional garage was added in the period from 2002/03. The property also includes green spaces, wooded areas, and other amenities. Heating is provided by a gas central heating system; hotel use is legally prohibited. Thoughts on Price: The listed price for this property is 944,410 EUR, however, there is a possibility to secure a 30% discount on the appraised value, making the final price 661,087 EUR. This represents a significant discount for a property of this size and with such potential. The property also offers the opportunity to avoid notary fees and agent commissions, making it a potentially attractive investment. Please feel free to reach out with any further questions or to schedule a viewing of this unique property.