Building for sale in Schwelm, Germany

Property Description: Former hotel and restaurant building in half-timbered style, consisting of two floors with a basement and converted attic. The living and usable area is 378.68 m². It has a single-storey extension and three parking spaces. The year of construction is unknown, but likely before 1900. The room layout is as follows: on the ground floor, there is a hall, restaurant/bar, kitchen, living room, WC, and a bedroom; on the upper floor, there are two corridors, a WC, and five guest rooms; in the attic, there is a corridor, a shower/WC, and four guest rooms. The building has significant structural defects and is currently uninhabitable. The parking spaces appear to be rented out. It was not possible to view the interior during the inspection. Price Thoughts: The property is being auctioned at the local district court with a market value of 62,300.00 EUR. There is a potential for a 30% discount on the market value, bringing the price down to 43,610.00 EUR. Additionally, notary fees and agency commissions are waived. This property could be a valuable investment opportunity for those willing to address the structural issues and renovate the building to its full potential. Contact us for further information.