House for sale in Remscheid, Germany

Property Description A two-story hotel with 19 rooms, a restaurant, and an apartment, as well as a converted attic. The total living space is 133 square meters and the total usable area is 1446 square meters. In addition, there are 4 garages and 47 outdoor parking spaces. The building was built in 1889. Next to the hotel, there is a two-story two-family house with a living area of 160 square meters. The house has a garage building that was built before 1894 and renovated in 1914. Another garage was added in 2002/03. The property also includes green spaces, forest areas, and other amenities. The use of the hotel is not permitted according to building regulations. Thoughts on Price The property is being auctioned at the local court for a listed price of 944,410.00 EUR. However, there is a possibility of securing a 30% discount on the listed price, bringing the cost down to 661,087.00 EUR. Additionally, notary fees and broker commissions are waived. This property offers a unique opportunity to acquire a sizable hotel and residential property at a potentially reduced price. Contact us for more information and to explore this investment opportunity further. (Contact information for inquiries: Phone number 0221-97459790)