House for sale in Duisburg, Germany

From a buyer's perspective, this property is described as a mixed-use building with residential units, a clubhouse, and commercial spaces spread over three floors, including a basement and an attic, offering approximately 400 square meters of living and utilizable space. The building, constructed in 1908, has been largely vacant on the ground floor, and a thorough interior inspection was not feasible. In 2021, the city of Duisburg (Task Force Problem Immobilien) inspected the property, resulting in oral prohibitions on the use of the upper floors. Reports from TÜV-Nord and the Duisburg Fire Department have been added to the file. The property is considered to be in an uninhabitable condition and no longer has a economically viable remaining lease term. Overall, the property is slated for liquidation. The asking price is €35,900 (approximately $42,500), but as a buyer, you may be able to secure a 30% discount on the market value, bringing the final purchase price to €25,130 (approximately $30,000). Additionally, notary fees and real estate agent commission are excluded. As an investment, the property's value is limited due to its current condition and the restrictions on use. The property requires significant renovations to make it habitable or to repurpose it for a different use. As a lifestyle purchase, the property offers the potential for a unique and historic renovation project, but it is not recommended for those who are not prepared for the challenges and costs associated with such a project. Please contact the provided phone number (0221-97459790) for more information, as the property is scheduled to be auctioned by the local court.