House for sale in Krefeld, Germany

Property description: This historical house, dating back to 1800/1910, consists of multiple building sections and offers a total of 285.8 m² of living space. The multi-family house is partially basemented and is listed as a heritage property. It is heated by a gas central heating system. There are discrepancies between the actual condition of the building and the specifications in the building permit and approval for public funding. During the viewing, not all areas of the building could be assessed, and one apartment was completely skipped. The inspection of one of the apartments revealed that the condition still strongly resembles that of a shell. Thoughts on price: The property is currently being auctioned at the local court with a market value of 293,000.00 EUR. Potential buyers have the opportunity to secure a 30% discount on the market value, resulting in a purchase price of only 205,100.00 EUR. Additionally, notary fees and agent commission are waived. This property presents a unique investment opportunity for those looking to acquire a historical building with potential for renovation and restoration. Interested buyers are encouraged to explore this and other properties in the monthly IMMOBILIENVERSTEIGERUNGS-KATALOG for cost-effective real estate acquisitions.