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Building for sale in Wuppertal, Germany

1 461 000€

42119 Wuppertal

Property description

"For a property located in 42119 Wuppertal, it holds three distinct elements: a commercial building (potentially rented), a four-story multifamily house with an attic, and a five-story mixed-use building with attic and basement, all under an estimated cost of 1.461.000€. The estate seems to comprise approximately 1,022.700 € after considering a possible 30% discount on valuation and excluding notary costs and brokerage fees. For real estate investment, a 30% discount on the valuation suggests a potential savings of about 443,300€, which could provide a lucrative return on investment if the market conditions allow. However, please conduct an in-depth market research to determine the rental income potential and the feasibility of the property to generate a substantial profit. As a lifestyle purchase, the property offers a wide range of living space, a potential mix of commercial and residential use, and comfortable amenities. The nearby amenities, atmosphere, and community facilities may significantly contribute to the quality of life. Consider today's working and living dynamics, and make sure the space meets your particular needs before confirming your purchase. Design-wise, the buildings appear to be well-crafted and maintained, with an appropriate size for the area. Considering the proximity to public services, transport, and local attractions, the property would certainly be an attractive spot to raise a family or establish a business. Finally, ensure to consult with property experts and address any potential concerns with the seller before finalizing the purchase."

Location

42119 Wuppertal

Date added: 24.07.2024

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