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53721 Siegburg
Property Description Two-sided residential and commercial building with 4 apartments and a retail space. The building has 2 to 4 floors, a basement, and an attic. The living space varies between 50 and 127 sqm, totaling 343 sqm, with a usable area of 141 sqm. Additionally, there are balconies and a wooden garden house. Built in 1961 and expanded between 1968 and 1972. Two apartments and the retail space are currently rented out. Heating and hot water supply are provided by an oil central heating system from Viessmann Vitola-biferral, dating back to 1987. This property is being auctioned at the local district court. Price Thoughts The listed price of 1.050.000€ may seem high at first glance, but there is potential for a 30% discount on the appraised value, bringing the cost down to 735,000€. Additionally, there is the opportunity to save on notary fees and agent commission. This property represents a unique investment opportunity with various rental units and a prime location in 53721 Siegburg. Consider exploring further to potentially acquire this property at a discounted price.
53721 Siegburg