House for sale in Zeitz, Germany

Property Description This property is a three-story residential and commercial building with two apartments, a commercial unit, and a storage area. The building has a total living area of 150 square meters and a total usable area of 285 square meters, including 73/77 square meters of living space and 165/120 square meters of usable space. The house was likely built around 1866, with additions and expansions up to 1946, as well as renovations, repairs, and modernizations in 1992. The building is partially rented out; however, it appears that the appropriate or contemporary use may be limited due to extensive renovation work needed, with parts of the building structure worn out, damaged, and no longer sustainably usable due to age or use. The property is located within the archaeological monument area of Altstadt Zeitz. Price Thoughts With a market value of 95,000.00 EUR, this property offers potential buyers the opportunity to secure a 30% discount on the market value, bringing the price down to only 66,500.00 EUR. Additionally, notary fees and agency commission are waived for this property. It is important to consider the cost of necessary renovations and repairs when factoring in the overall value of the property. This property presents a unique opportunity for buyers looking to invest in a historical building with potential for future development.