House for sale in Duisburg, Germany

Property Description: Multi-purpose building with apartments, clubhouse, and commercial spaces, three floors, basement, converted attic, approximately 400 square meters of living and usable space, built around 1908. The building is currently vacant except for the ground floor. A detailed interior inspection was largely not possible. In 2021, the property was inspected by the city of Duisburg (Task Force Problem Properties). As a result, verbal prohibitions were issued for the use of the upper floors. Reports from TÜV-Nord and the Duisburg fire department were added to the file. The property is in an uninhabitable state and has no economically usable remaining lifespan. It is a total liquidation property. Price Thoughts: The property is being offered at a market value of 35,900.00 EUR. However, there is a possibility to secure a 30% discount on the market value, resulting in a purchase price of only 25,130.00 EUR. Additionally, notary fees and agent commissions are waived, making it a potentially attractive investment opportunity for those looking to acquire real estate at a discounted price.