Building for sale in Schwelm, Germany

Description: Former hotel and restaurant building in half-timbered style, consisting of two floors with a basement and converted attic. The total living and usable area is 378.68 m². It has a single-storey extension and three parking spaces. The year of construction is unknown, but presumably before 1900. The layout of the rooms is as follows: on the ground floor there is a hall, restaurant/bar area, kitchen, living room, WC, and a bedroom; on the upper floor there are two corridors, a WC, and five guest rooms; in the attic there is a corridor, a shower/WC, and four guest rooms. The building has significant structural defects and is therefore not inhabitable. The parking spaces appear to be rented out. It was not possible to view the interior during the assessment. Price thoughts: The property is listed for sale at a price of 62,300 EUR. However, there is a possibility to secure a 30% discount on the market value, reducing the price to 43,610 EUR. Additionally, notary fees and agency commission are waived. This could be a great opportunity for buyers looking to invest in a property with potential for renovation and redevelopment. Overall, this property offers a unique opportunity for investors or developers willing to take on a project to restore and transform this historic building into a new and profitable venture.