House for sale in Monchengladbach, Germany

Property description: This property is a terraced house with a front building and an annex at the rear of the plot. The building is two stories high, partially basemented, and has a total floor area of 243 sqm. It was built in 1934. The front building serves as a residential house with a shop. The layout is as follows: in the basement there are 2 cellar rooms; on the ground floor, a building passage, a toilet, and 2 rooms; on the first floor, a hallway, a kitchen, and 2 rooms; in the attic, a hallway, an attic, and 2 chambers. The annex on the ground floor has a bakery. As the building cannot be entered, it is suspected to require significant renovation or repair work. Therefore, it is considered a risky property. Price thoughts: The property is being auctioned at the local district court with an estimated value of €103,000. There is a possibility of obtaining a 30% discount on the appraisal value, bringing the price down to €72,100. Additionally, notary fees and broker commissions are waived. This property presents a potentially attractive investment opportunity for buyers willing to undertake the necessary renovations. It is one of many interesting properties featured in our monthly real estate auction catalog. Contact us for more information at the provided phone number.