House for sale in Essen, Germany

Property Description This property consists of apartments and a former restaurant. It spans one to two floors, partially basemented, and includes a converted attic. The total living area is 258 square meters, with a usable area of 227 square meters. In addition, there is a former bowling alley with a usable area of 37 square meters, as well as other outbuildings including a workshop (57 square meters), six garages, storage, and ancillary buildings. The building complex dates back to the years 1879 to 1927. Heating is provided by a gas boiler. Due to the various slopes of the main building's roof, the house extends over three floors on the southeastern and rear sides. Some of the outbuildings are in a deteriorated condition, and the redevelopment process has already been initiated. A complete interior inspection was only partially possible. Price Thoughts The property is currently being auctioned at the local district court with a market value of 170,000.00 EUR. There is potential to secure a 30% discount on the market value, allowing for the acquisition of this property for only 119,000.00 EUR. Additionally, notary and agent fees are waived. This property presents a unique opportunity for buyers to obtain a property at a reduced cost compared to the market value. With the potential for a significant discount, this property offers good value for investors or those looking for a renovation project. Contact us for more information and to learn more about this and other properties available in our monthly real estate auction catalog.