House for sale in Siegburg, Germany

Property Description: Two-sided residential and commercial building with 4 apartments and a retail space. The building has 2 to 4 floors, a basement, and an attic. The living space ranges from 50 to 127 m², totaling 343 m², with a usable area of 141 m². The property also includes balconies and a wooden garden house. Built in 1961 and expanded between 1968 and 1972. Two apartments and the retail space are currently rented out. Heating and hot water supply are provided by an oil hot water central heating system from Viessmann Vitola-biferral, installed in 1987. This property is being auctioned at the local district court. Price: 1,050,000.00 EUR Thoughts on Price: The property's price is reflective of its size, location, and potential for rental income. With two rented apartments and an established retail space, the property already generates income. Additionally, the opportunity to potentially secure a 30% discount on the market value, bringing the price down to 735,000.00 EUR, makes it an attractive investment opportunity for buyers looking to acquire a property at a reduced cost. The added benefit of notary fees and agent commissions being waived further enhances the value proposition of this property.