Building for sale in Duisburg, Germany

Property Description: This property is a residential and commercial building with 5 apartments and former bank premises. It spans 4 floors, has a basement, and a total of 574 m² of living space and 2,967 m² of usable space. In addition, it has an underground garage with 25 parking spaces and 15 outdoor parking spaces. The building was constructed in 1983. The heating is provided by district heating, which was modernized in 2007. The equipment on the ground floor largely still reflects the original use. The construction costs of the building were above average, but the structural condition is rated as average. There are areas with deferred maintenance as well as renovation and modernization needs. A large part of the building is purpose-built with individual floor plans and limited usability for other purposes, especially on the ground floor. The apartments are intended to be vacant, but at the time of the valuation, they had not yet been vacated and were partly furnished (office equipment, IT systems, kitchen equipment, pictures). There were also deregistered vehicles, unidentified goods on pallets, and machines discovered (which cannot be considered as accessories). Thoughts on Price: The asking price for this property is 2,540,000.00 EUR. However, there is potential for a discount of up to 30% on the market value, making the purchase price 1,778,000.00 EUR. Additionally, notary fees and agency commission are waived. The property may require some renovation and modernization, but with the discount offered, it could be a valuable investment opportunity. The unique layout and features of the building add to its potential appeal to the right buyer.