House for sale in Remscheid, Germany

Property Description The property consists of a two-story residential and commercial building in half-timbered construction with a total living and usable area of 598 m². In addition, there is a two-story workshop building with 256 m² of usable space, a two-story carpentry shop in the intermediate building with 62 m² of usable space, and a garage. The building was constructed in the first half of the 19th century and is protected as a historical monument. The exterior of the buildings appears to be in need of renovation. Price Thoughts The property is being auctioned at the local district court with a market value of 115,500.00 euros. There is potential to secure a 30% discount on the market value, bringing the price down to 80,850.00 euros. Additionally, notary fees and agency commission are waived. This property presents a unique opportunity for investment and renovation, offering potential buyers the chance to acquire a historical building at a discounted price. Contact us for more information and to learn about other similar properties available for auction.