House for sale in Rosrath, Germany

Property description: This property is a two-story two-family house with an attic (75 sqm living space), partially basement. The estimated total area is 230 sqm, including a converted flat roof garage (17 sqm, converted into an apartment). The house was built in approximately 1943 and was modernized and expanded in 1990. Heating is provided by a gas hot water central heating system. The ground floor apartment is rented out, but only some rooms were able to be inspected internally (hence a safety discount of 10% amounting to 34,000 € was applied). The exact living space of the ground floor apartment could not be determined. Significant renovation and maintenance backlog was noted in the rooms inspected. Access is through neighboring properties, however there is no legal assurance for that. Additionally, the garage was converted into an apartment without the necessary building permit. Price thoughts: The property is being auctioned by the competent district court with a market value of 306,000.00 EUR. It is possible to secure a potential 30% discount on the market value, resulting in the purchase price for the mentioned property being only 214,200.00 EUR. Furthermore, notary fees and agency commission are waived. This property offers an opportunity to acquire a unique investment at a reduced cost.