House for sale in Monchengladbach, Germany

Property Description Row house with front house and an annex at the rear of the property. The building is two stories, partially basement, and has a gross floor area of 243 sqm. It was built in 1934. The front house serves as a residential house with a store. The layout is as follows: In the basement, there are 2 basement rooms; on the ground floor, a building passage, a toilet, and 2 rooms; on the upper floor, a hallway, a kitchen, and 2 rooms; in the attic, a hallway, an attic, and 2 chambers. The annex on the ground floor has a bakery. Since the building is not accessible, it is presumed to require significant renovation or repair work, making it a risky property. Price Consideration The property is listed for sale at a price of 103,000€. It is important to note that there is a possibility to secure a 30% discount on the market value, bringing the price down to 72,100€. Additionally, there are no notary fees or agency commissions involved. The property is being auctioned by the competent local court, presenting an opportunity for potential buyers to acquire the property at a discounted price. Overall, while the property may require renovation and carries a level of risk, the discounted price offers a potential opportunity for investors or individuals looking for a fixer-upper project. It is important for interested parties to further inquire about the property and its condition before making a decision.