House for sale in Bad Honnef, Germany

Property Description: This property is a residential and commercial building located in Bad Honnef with a total of 10 apartments, 24 single rooms, and a retail space. The building is two stories tall with a basement (underground garage) and an attic. The total living and usable space is 1,771.36 square meters. There are 11 parking spaces in the underground garage and the building was originally built as a hotel in 1903. The single rooms have shared kitchens and bathrooms, as well as gas floor heaters for heating. The property has already undergone extensive renovations and expansion, although it has not been completed yet. Price Thoughts: The listed price for this property is 3.850.000€. However, there is a possibility to secure a 30% discount on the appraised value, bringing the price down to 2.695.000€. This discounted price presents a great opportunity for potential buyers to acquire this property at a lower cost. Additionally, the property is being sold at a judicial auction, making it a unique investment opportunity for those looking to purchase real estate at a reduced price. Overall, this property offers great potential for both residential and commercial use, and with the discounted price, it is a lucrative investment opportunity.