Other for sale in Leverkusen, Germany

Property Description Various 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, totaling a living/usable area of 913 m², including balconies and a rooftop terrace. The buildings date back to the years from 1928. The heating with gas floor heaters has been repurposed in many cases without building permits. Some areas have been blocked by building authorities for fire safety reasons in 2019, heaters have been turned off or radiators are missing, leading to significant mold infestation. The hot water supply is unclear. Additionally, the roofs have suffered considerable damage, leading to water leaks. There is a significant backlog in maintenance, repairs, and renovations. Price Thoughts The property is being auctioned by the competent district court at a valuation of 1.050.000,00 EUR. However, potential buyers have the opportunity to secure a 30% discount on the valuation, potentially reducing the price to only 735.000,00 EUR. Additionally, notary costs and agency fees are waived. Despite the extensive renovations and repairs needed, this property presents a unique investment opportunity for individuals looking to acquire a large property at a significantly reduced price.