Other for sale in Lauchhammer, Germany

Property Overview: This listing features two two-story multi-family houses with a cellar and additional structures dating back to around 1900. Currently uninhabited and not functional, the property lacks a heating system and access to some areas of the buildings may be restricted. It is likely that existing encumbrances need to be addressed by the buyer. Potential investors should be aware of the condition and age of the property, which may require significant renovation and investment to restore it to a habitable state. The setting in Lauchhammer provides a unique opportunity for those looking to delve into a restoration project, with the prospect of re-establishing the buildings for residential rental purposes or revitalizing the entire estate. The auction process provides a distinctive opportunity to potentially acquire it at a 30% discount off the evaluated market value, along with savings on notary fees and agent commissions. This property represents one of many intriguing real estate opportunities available for acquisition. Due diligence is crucial for understanding the full scope of the investment required and the potential yield upon completion.