Other for sale in Herne, Germany

Property Description: This property consists of a building ensemble with a multi-family house containing three apartments, including two 4-room apartments and one 2-room apartment. The main building is two stories high, 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, also two stories high and not basemented. Furthermore, the ensemble includes another multi-family house with six 2-room apartments, formerly a barn. This building is two stories high, partially basemented, and the attic is converted, offering a total of 400 square meters of living space. Additionally, there is a former stable building that includes six garages and three stables. The entire ensemble dates back to 1896, with the barn conversion for residential purposes taking place in 1934/35, the garages added in 1954, and an extension in 1995. The heating is provided by gas-fired central heating, gas boilers, and individual stoves, while hot water is supplied by a gas boiler and an electric instant water heater. The room layout is outdated, with so-called captive rooms and passageways. Both residential buildings require renovation and completion. Thoughts on Price: The listed price for this property is 1.210.000€. However, there is an opportunity to potentially secure a 30% discount on the appraised value, bringing the price down to 847.000€. This discount, coupled with the exclusion of notary fees and real estate agent commission, presents a compelling opportunity for prospective buyers. The property's historical significance and potential for renovation make it a unique investment opportunity in the real estate market.