Other for sale in Herne, Germany

Property Description This property consists of a building ensemble comprising a multi-family house with three apartments, consisting of two 4-room apartments and one 2-room apartment. It is two-storey, fully basemented and has a partially converted attic with a total of 353 square meters of living space. In addition, there is a rear annex with two garages, which is also two-storey and not basemented. Furthermore, the ensemble includes another multi-family house with six 2-room apartments, which was formerly a barn. This building is two-storey, partially basemented, and the attic is converted. It offers a total of 400 square meters of living space. Additionally, there is a former stable building, which includes six garages and three stables. The entire ensemble dates back to 1896, the conversion of the barn for residential purposes took place in 1934/35, the garages were added in 1954 and an extension was made in 1995. The heating is provided by gas individual heating systems, gas boilers, and individual stoves, while the hot water is supplied by a gas boiler and an electric instant water heater. The room layout is outdated, with so-called enclosed rooms and passageways. Both residential buildings need renovation and completion. Price Thoughts: The property is currently being auctioned at the local court for a price of 1,210,000.00 EUR. However, interested buyers have the opportunity to potentially secure a 30% discount on the market value, reducing the price to only 847,000.00 EUR. Additionally, there are no notary costs or agency fees involved in the purchase. This property offers great potential for renovation and could be a valuable investment opportunity for buyers looking to restore and develop the buildings. Contact us for further information and to learn more about this and other properties available through our cost-effective property auction catalog.