House for sale in Remscheid, Germany

Property Description A two-story hotel with 19 rooms, a restaurant, and an apartment, as well as a converted attic. The total living space is 133 square meters and the total usable area is 1,446 square meters. In addition, there are 4 garages and 47 outdoor parking spaces. The building was built in 1889. Next to the hotel, there is a two-story duplex with a living area of 160 square meters. The house has a garage building that was built before 1894 and converted in 1914. Another garage was added in the period 2002/03. The property also includes green spaces, wooded areas, and other amenities. Heating is provided by gas central heating; hotel use is legally prohibited. This property is being auctioned off at the local district court. Market value: 944,410.00 EUR. Potential 30% discount on market value may apply, resulting in a purchase price of only 661,087.00 EUR for the above-mentioned property. Notary and broker fees are also waived. This is one of many interesting properties that we publish in our affordable monthly REAL ESTATE AUCTION CATALOG. Contact us now for more information on how to acquire your desired property at a discounted price. Catalog information: Phone number 0221-97459790. Thoughts on Price: The asking price of 944,410.00 EUR for the property seems reasonable considering the size and amenities included. With the potential discount of up to 30%, the prospective buyer could secure a great deal on this property. Additionally, the waived notary and broker fees make it even more attractive. Overall, this property offers a lot of potential for investment and future development.