House for sale in Gummersbach, Germany

Property Description Detached building with residential and commercial area (2 apartments and retail extension), consisting of 1 to 2 floors with basement and finished attic. The total living area is 398 sqm, with a usable area of 236 sqm. Additionally, there is a workshop and storage building with garage installation, which spans 1 to 2 floors without a basement and has a usable area of 477 sqm. The building was built in 1923, with the latest renovations and modifications in 2014. There is also an undeveloped plot of land included. The room layout is as follows: Ground floor: sales room, storage room, WC facility, hallway, 2 bedrooms, bathroom/WC, storage room, kitchen, living/dining room; Upper floor: hallway, guest WC, bedroom, bathroom/WC, 2 children's rooms, drying room, living/dining room with open kitchen; Attic: studio, walk-in closet, storage room. The house's heating is via a gas central heating system from 2010, while the hot water is heated by electric appliances. Due to the lack of a complete interior inspection, the overall condition of the house cannot be reliably assessed. Only the apartment on the ground floor was visited, which is in an acceptable condition. Significant defects or damage are visible in some areas on the facade, plaster, windows, gutters, etc. Thoughts on Price The property is listed for sale at 406,200 EUR, but there is an opportunity to secure a 30% discount on the market value, bringing the price down to 284,340 EUR. This could present a good deal for potential buyers looking to invest in this property, especially considering the additional savings on notary fees and agent commissions. The property's unique features, such as the mixed residential and commercial spaces and the separate workshop/storage building, add value to the overall package. It is important to consider the potential costs of renovations and repairs based on the noted damages before making a purchasing decision.