House for sale in Remscheid, Germany

Property Description A two-story hotel with 19 rooms, a restaurant, and an apartment, as well as an attic conversion. The total living space is 133 square meters and the total usable area is 1,446 square meters. In addition, there are 4 garages and 47 outdoor parking spaces. The building was constructed in 1889. Next to the hotel, there is a two-story two-family house with a living area of 160 square meters. The house includes a garage building, which was built before 1894 and renovated in 1914. Another garage was added in the period of 2002/03. The property also includes green spaces, wooded areas, and other amenities. Heating is provided by gas central heating; hotel use is legally prohibited. Price Thoughts The property is listed at a purchase price of 944,410€. However, there is the potential to secure a 30% discount on the actual market value, bringing the price down to 661,087€. This could provide a great opportunity for potential buyers to acquire this unique property at a discounted rate. Additionally, the property is being auctioned by the local court, offering a chance to purchase at a potentially lower price without notary fees or agent commission. This property presents as a great investment opportunity for those looking to expand their real estate portfolio.