House for sale in Gummersbach, Germany

Property description: Detached building with residential and commercial area (2 apartments and retail extension), consisting of 1 to 2 floors with basement and converted attic. The total living area is 398 sqm, the usable area is 236 sqm. Additionally, there is a workshop and storage building with garage installation, which comprises 1 to 2 floors without a basement and has a usable area of 477 sqm. The building was built in 1923, with the last renovations and alterations done in 2014. Additionally, an undeveloped plot of land is included. The layout of the rooms is as follows: Ground floor: sales room, storage room, WC facility, hallway, 2 bedrooms, bathroom/WC, storage room, kitchen, living/dining room; Upper floor: hallway, guest WC, bedroom, bathroom/WC, 2 children's rooms, drying room, living/dining room with open kitchen; Attic: studio, closet, storage room. The heating of the house is via a gas central heating system from 2010, while the hot water is heated by electric devices. Due to the lack of a complete interior inspection, the overall condition of the house cannot be reliably assessed. Only the apartment on the ground floor was inspected, which is still in an acceptable condition. Significant defects or damages can be seen in some places on the facade, plaster, windows, gutters, etc. Price thoughts: The property is being auctioned at a market value of 406,200.00 EUR, but there is a possibility of securing a 30% discount on the market value, bringing the price down to 284,340.00 EUR. Additionally, notary fees and agency fees are waived. This property presents an opportunity for buyers looking to acquire a unique real estate investment. Given the size and potential of this property, the reduced price offers a great value for those willing to invest in some renovation and maintenance work. It is important to consider the potential return on investment and future growth opportunities in the area when deciding on purchasing this property.