House for sale in Burscheid, Germany

From a buyer's perspective, this property in Burscheid (51399) looks like an attractive investment opportunity as well as a lifestyle purchase considering its unique features and the price point of 1,700,000€. The property consists of a mixed-use building with seven residential units and a grocery store. It offers a blend of residential and commercial spaces, which can be a plus for investors looking to diversify their portfolios. The property has been through extensive renovations from 2012 to 2016, making it an appealing option for potential buyers. From the limited information given, it seems that three of the four residential units are rented, and one of them has a special agreement for rent increase up to 2042, providing a steady income stream for the future. Additionally, the grocery store is leased, which can contribute to the coverage of the mortgage costs. The building is well-maintained and offers various amenities such as a basement, a winter garden, and two garages. However, some areas may require additional attention, like the aging residential unit, which needs substantial renovation. The presence of asbestos in the basement and an old heating system can also be challenges to consider. The proximity to other amenities and the attractive location might attract potential tenants, adding value to the business aspect of the property. Moreover, the existing infrastructure and structure of the building can be further developed and personalized to cater to the target market's needs, increasing the property's overall value. In conclusion, this property offers a good combination of investment potential and lifestyle benefits. However, thorough due diligence and an inspection by a professional is recommended before making a final decision due to the existed challenges and renovation needs.