House for sale in Duisburg, Germany

Property description: This property is a four-story semi-detached multi-family house built in 1902. It has been vacant for many years and is in an uninhabitable condition, with no remaining economic utility life - it is considered a liquidation property. Due to safety concerns such as collapsing ceilings and open floors, a comprehensive interior inspection was not possible; the basement and attic were not entered. The building is connected to an adjacent property through openings, which is not part of this procedure. Price thoughts: The property is being auctioned at the competent district court with a market value of 20,200.00 EUR. However, buyers have the opportunity to potentially secure a 30% discount on the market value, bringing the price down to only 14,140.00 EUR. Additionally, notary fees and agency commissions are waived, making this a potentially lucrative investment opportunity for those looking to acquire property at a discounted price. Overall, despite the property's current state of disrepair, the significant discount on the market value and the potential for future renovations and development make this property a compelling opportunity for investors or individuals looking for a project with the potential for high returns. Contact us for more information and secure your chance to acquire this property at a discounted rate.