House for sale in Bochum, Germany

From a buyer's perspective, the property, located at 44809 Bochum, offers a combination of residential and commercial spaces, with four main houses, totaling 1.485,82 square meters of living and usable space, two storage facilities, and a garage with space for 10 cars. The property features gas heating and has undergone a partial inspection, though a full interior inspection was not possible. The property has required permits, however, some documents are missing. Additionally, there was a break-through identified in the basement of House Nr. 8b, which does not comply with fireproofing regulations. The overall property condition is deemed moderately well-maintained, but there are signs of deferred maintenance. The city of Bochum also mentioned a groundwater contamination that prohibits water usage. Given the issues mentioned, the property may be challenging to take ownership of and maintain due to outstanding repairs and integral property defects. As an investment, it may require substantial capital for refurbishment and upkeep, potentially rendering the property unattractive to buyers who are not prepared to take on significant investment risk. On the other hand, savvy investors or developers with the expertise to address the issues may see potential in the property for future revenue. The property listing indicates the need for water purification, which should be taken into account when considering return on investment. The estimated market value of the property is 1,615,000 €, but with a potential 30% discount and eliminated notary and brokerage fees, the cost could be lowered to 1,130,500 €. Interested buyers can contact the listed phone number to receive further information. This property is part of a monthly mailing catalog, featuring other potential investment opportunities.