Other for sale in Leverkusen, Germany

Property description: Various interconnected buildings (including a multi-family house, a residential/commercial building, and a former brewery building) with a total of 7 apartments, spanning 2- and 3-story levels and totaling 913 m² of living space/usable area, including balconies and a rooftop terrace. The buildings date back to the years from 1928. The heating with gas floor heaters has been repurposed in many cases without building permit. Some areas have been blocked by building authorities since 2019 for fire safety reasons, heaters have been turned off or radiators are missing, leading to severe mold infestation. The hot water supply is uncertain. Additionally, the roofs have suffered significant damage, leading to water leaks. There is a substantial backlog in maintenance, repairs, and renovations. Thoughts on Price: The listed price of 1.050.000€ seems high considering the extensive issues and repairs needed for this property. However, with a potential 30% discount on the market value, the final price of 735.000€ could be a more reasonable investment for someone looking to undertake the necessary renovations and improvements. It is important for potential buyers to carefully assess the costs involved in bringing this property up to livable standards before making a decision.