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 area is 133 square meters and the total usable area is 1,446 square meters. In addition, there are 4 garages and 47 outdoor parking spaces. The building was constructed 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 the period of 2002/03. The property also includes green areas, wooded areas, and other amenities. Heating is provided by a gas central heating system; hotel use is legally prohibited. Price Thoughts: The listed price for this property is 944,410€Kaufpreis, but there is potential for a 30% discount on the market value, bringing the price down to 661,087€. Additionally, there are no notary fees or agency commission to be paid. This property offers a unique opportunity for buyers to acquire a diverse and spacious real estate asset with multiple potential uses. The combination of a hotel, restaurant, apartment, and additional residential space makes it a versatile investment option with plenty of potential for growth and income generation.