House for sale in Monchengladbach, Germany

Property Description: This property is a terraced house with a front house and an annex at the rear of the property. The building is two stories high, partially basemented, and has a gross floor area of 243 m². It was built in 1934. The front house serves as a residential building with a shop. The layout of the rooms is as follows: In the basement, there are 2 cellar rooms; on the ground floor, there is a building passage, a WC, and 2 rooms; on the upper floor, there is a hallway, a kitchen, and 2 rooms; in the attic, there is a hallway, an attic space, and 2 chambers. The annex on the ground floor has a bakery. Due to the inability to enter the building, it is assumed that significant renovation or repair work is required. Therefore, it is considered a risky property. Price Thoughts: The property is being auctioned off by the local district court with a market value of 103,000.00 EUR. However, there is a possibility to secure a 30% discount on the market value, bringing the price down to only 72,100.00 EUR. Additionally, notary costs and agency fees are waived, making it a potentially cost-effective investment opportunity. Overall, while the property may require substantial renovations, the discounted price and potential for future value appreciation could make it a worthwhile investment for the right buyer. Reach out for further details if interested.