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 space is 378.68 m². It has a single-storey annex and three parking spaces. The exact year of construction is unknown, but it is believed to be before 1900. The layout of the rooms is as follows: on the ground floor there is a hall, restaurant/bar area, kitchen, living room, toilet, and a bedroom; on the upper floor there are two corridors, a toilet, and five guest rooms; in the attic there is a corridor, a shower/toilet, and four guest rooms. The building has significant structural defects and is therefore uninhabitable. The parking spaces appear to be rented out. It was not possible to view the interior during the inspection. Thoughts on Price: The property is being auctioned at a market value of 62,300.00 EUR. However, there is potential to secure a discount of up to 30% on the market value, bringing the price down to just 43,610.00 EUR. Additionally, there are no notary fees or agent commission. This property could be a great investment opportunity for someone willing to renovate and restore it to its former glory. Contact us for more information on how to acquire this property at a discounted price.