Other for sale in Leverkusen, Germany

Property description: Several interconnected buildings (including a multi-family house, a residential/commercial building, and a former brewery building) with a total of 7 apartments spread over 2 and 3 floors, covering a total living space/usable space of 913 m², including balconies and a rooftop terrace. The buildings date back to the years starting from 1928. Heating with gas floor heaters has been repurposed in many cases without building permits. Some areas have been blocked by building authorities since 2019 for fire safety reasons, heaters have been switched off or radiators are missing, leading to significant mold infestation. The hot water supply is unclear. In addition, the roofs have suffered significant damage, resulting in water leaks. There is a significant backlog in maintenance, repairs, and renovations. Thoughts on price: The listed price of 1.050.000€ reflects the current condition of the property and the work that would be required to bring it up to standard. Due to the extensive issues mentioned in the description, there is an opportunity to potentially secure a 30% discount on the market value, bringing the price down to 735.000€. However, it's important to consider the additional costs and efforts that would be needed to address the various issues present in the property. Buyers should carefully assess whether the potential savings outweigh the potential expenses and risks associated with purchasing this property.