House for sale in Monchengladbach, Germany

Property Description Terraced house with front building and an annex in the rear area of ​​the property. The building is two stories, partially basemented, and has a gross floor area of ​​243 m². It was built in 1934. The front building serves as a residential house with a store. The room layout is as follows: In the basement there are 2 cellar rooms; on the ground floor a building passage, a toilet, and 2 rooms; on the upper floor a hallway, a kitchen, and 2 rooms; in the attic a hallway, an attic, and 2 chambers. The annex has a bakery on the ground floor. As the building cannot be entered, it is assumed that it requires significant renovation or repair work. Therefore, it is considered a risky property. Price Thoughts The listed price for this property is 103,000€. Given the potential risks and the need for renovation or repairs, buyers may be able to secure a discount of up to 30% on the market value, bringing the price down to 72,100€. In addition, there are no notary fees or agency commissions to pay. This property is being auctioned at the local district court, presenting an opportunity for buyers to acquire it at a potentially discounted price. For more information, prospective buyers can contact the provided phone number.