House for sale in Viersen, Germany

Description: Multi-storey building with mixed use as a residential and commercial property, supplemented by various extension buildings (including a three-story office annex with garage) that were built before the year 1900 and later. In addition, there are still unused traffic areas in the surrounding area. The development does not yet have all building permits and is in a highly neglected condition. There are issues such as leaking basements, damp walls, and black mold infestation. The entire property and premises are littered with rotten rubble, scrap, damaged furniture, and garbage. There are significant damages in the interior, indicating vandalism and neglect. Overall, this is a high-risk property. Price thoughts: The property is being offered at a price of 126,500 EUR, however, due to the extensive repairs and renovations required, the actual value might be significantly lower. Potential buyers should carefully consider the costs involved in restoring the property to a livable condition before making an offer. Additionally, the property is being auctioned by the local court, which may offer the opportunity to secure a discount of up to 30% off the market value. Buyers should exercise caution and conduct thorough inspections before considering purchasing this property.