House for sale in Schwelm, Germany

Property description: Two-story residential and commercial building with 2 apartments and a retail space. The building is basemented, has a converted attic, and offers a living space of 215 square meters and a utility area of 110 square meters. Additionally, there is a nursery with a storage shed (53 square meters) and a greenhouse (259 square meters) on the property. Built around 1906, the shed dates back to 1955, and the greenhouse to 1959. The layout includes a hallway and 6 basement rooms, a hallway, men's and women's toilets, a tea kitchen, a storage room, a binding room, 2 sales rooms, and an office on the ground floor. The upper floor has a hallway, a bathroom/toilet, a music room, a kitchen, a bedroom, a children's room, and a living room. The attic features a hallway, another bathroom, a kitchen, 4 rooms, and a balcony. Heating and hot water are provided by an older gas central heating system from Vaillant. The property has been found to have construction defects and damages, including large cracks in the plaster, corrosion on ceiling beams, moisture on basement walls, and mold in the bathroom grout. Price thoughts: The property is being auctioned at a listed value of 346,000 EUR. However, buyers may be able to secure a 30% discount, bringing the price down to 242,200 EUR. With the potential for significant savings and the opportunity to bypass notary fees and agency commissions, this property presents a unique investment opportunity. It is important for potential buyers to thoroughly assess the condition of the property and consider the costs of any necessary repairs or renovations before making a decision.