House for sale in Langerwehe, Germany

As a potential buyer, this property is located in a charming town called Langerwehe, Germany, and it offers both residential and commercial spaces. The property consists of two apartments, a retail space, and a total of 113 square meters of living space and 40 square meters of usable space, spread across its 3-story structure, including an addition and seven garages. The primary building was constructed in the 19th century and has been expanded with additional space in the 1950s and 1960s, with 5 more garages added in 1998. The property has a centralized gas heating system, and the heating pipes are run through the roof. You are advised to contact the company directly for any further questions and to arrange a viewing. The property is listed for 178,000€ and is subject to a 30% reduction, lowering the final asking price to 124,600€, with no additional costs like notary fees or broker commission. This property is also advertised in a monthly catalog of cost-effective immobilienversteigerungs.de catalog. From a real estate investment perspective, this property offers a relatively lower price tag compared to the average market value, providing an opportunity to generate a potentially good return. Additionally, it offers a combination of living and commercial spaces, providing options for income generation through rentals or owner occupancy. However, as a lifestyle purchase, it would provide access to a charismatic location, close-knit neighborhood, and potential cost savings compared to leasing or renting in the same area. From an investment standpoint, it is an attractive price for a property with both living and commercial spaces, providing a potential income stream or the flexibility of owning the retail space for personal use or as a place for additional storage. However, it is essential to conduct a thorough inspection to ensure that any additional maintenance or renovation costs can be covered without overspending, since this property is located in a smaller-scale historic town, which could impact rental demand or the availability of local tradespeople.