House for sale in Gelsenkirchen-Buer, Germany

Property Description This two-sided residential and commercial building in Gelsenkirchen-Buer consists of 8 apartments and a mosque, spread across 3 floors and a basement. The converted attic provides a total of 352 square meters of living space and 193 square meters of usable space. There are also two additional annexes and an inner courtyard with 5 garages. Built in 1902, rebuilt in 1958, and with the garages added in 1991. In 1984, the former restaurant was converted into a mosque. The inner courtyard can only be accessed through the neighboring property (access through the house). The building is in a significantly poor condition, and there are considerations to demolish all buildings as the most economical solution. Unfortunately, an interior inspection was not possible. Price Thoughts The property is being auctioned at a market value of 136,000.00 EUR, but there is a possibility to secure a 30% discount on the market value, bringing the price down to only 95,200.00 EUR. Notary fees and agency commissions are also waived, making this a potentially attractive investment opportunity. Considering the poor condition of the building, buyers should factor in potential renovation costs when assessing the overall value of the property. Explore this and other interesting properties in our monthly real estate auction catalog for more affordable purchasing options.