House for sale in Zeitz, Germany

Property Description This three-story residential and commercial building in Zeitz offers two apartments, a commercial unit, and a storage area. With a total living area of 150 square meters and a total usable area of 285 square meters, including 73/77 square meters of living space and 165/120 square meters of usable space, this property provides ample space for various purposes. Built around 1866 with additions and renovations throughout the years, including a major update in 1992, the building offers a mix of historic charm and modern amenities. While parts of the property are currently rented out, it is apparent that significant renovation work is needed to restore it to its full potential. The age and wear and tear of some parts of the structure may limit its immediate use, requiring investment in repairs and updates. The property is located within the archaeological monument area of the Zeitz Old Town, adding a historical touch to its surroundings. Price Thoughts With a listed market value of 95,000 EUR, this property presents an opportunity for potential buyers to acquire it at a discounted rate through an upcoming auction. With a possible 30% discount on the market value, the final price could be as low as 66,500 EUR, making it a potentially attractive investment for those willing to take on the necessary renovations. Additionally, the absence of notary fees and agency commission further adds to the affordability of the property. Overall, this property offers a unique blend of historical character and future potential, making it a compelling option for buyers looking to make their mark on a piece of Zeitz's rich architectural heritage. Contact us for more information and to explore this and other properties featured in our monthly real estate auction catalog.