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58332 Schwelm
Property Description: Two-storey residential and commercial building with 2 apartments and a shop. The building has a basement, attic, and a living area of 215 square meters and a total area of 110 square meters. Additionally, there is a nursery with a storage shed (53 square meters) and a greenhouse (259 square meters) on the property. The main building was built around 1906, the shed in 1955, and the greenhouse in 1959. The layout includes a hallway and 6 basement rooms, as well as various rooms on the ground and upper floors including bathrooms, a kitchen, bedrooms, and living spaces. The property is heated by an older Vaillant gas central heating system, but there have been identified structural issues such as cracks in the walls, corrosion on ceiling beams, moisture in the basement walls, and mold in the bathroom grout. The property is currently being auctioned by the local court with a market value of 346,000.00 EUR. There is potential to receive a 30% discount on this value, bringing the price down to 242,200.00 EUR. Notary fees and agency commission are also waived in this case. Overall, this property offers a unique opportunity for investment, with the potential to renovate and enhance its value. With some work, this property could become a desirable living or commercial space in the bustling area of Schwelm.
58332 Schwelm