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 across 2 and 3 floors, covering a total living area/utility area of 913 m², including balconies and a rooftop terrace. The buildings date back to the years from 1928. The heating system with gas heaters has been converted without building permits in many cases. Some areas have been closed by building authorities since 2019 for fire safety reasons, heaters have been shut off or radiators are missing, leading to severe mold infestation. The hot water supply is unclear. Additionally, the roofs have suffered significant damage, resulting in water leaks. There is a significant backlog in maintenance, repairs, and renovations. Price Thoughts The listed price for this property is 1,050,000 EUR, but there is an opportunity to potentially secure a 30% discount on the market value, bringing the price down to 735,000 EUR. Notary fees and agency commission are also waived in this case. Despite the extensive renovations and repairs needed, this property could offer a unique opportunity for investors or individuals looking to take on a challenging restoration project in a historic setting. Please feel free to contact us for more information or to schedule a viewing.