House for sale in Xanten, Germany

Property Description The property is a 52-year-old building that houses four apartments, a café, and a restaurant over three floors. It also has a basement and a converted attic. The apartment sizes range from 38 to 94 m², providing a total of 269/401 m² of living and utility space. The entire complex is classified as a historic monument. Heating is provided by a central heating system using oil, which was installed in 2001. The oil tank is made of steel and was installed in 1972. The property's design is practical, but there is a significant need for renovation, particularly in the apartments. The property is part of the historical town center of Xanten. For questions or further information, you can contact us from Monday to Friday, 8:00 am - 20:00 pm, or on weekends, 10:00 am - 6:00 pm via the provided telephone number. This property is being auctioned by the local court. The estimated market value is €725,000, and if you take advantage of the 30%-discount, the total amount you'd pay for this property would be €507,500. In addition to the discount, you save on notary fees and real estate agent commissions. This property is featured in our monthly elisting catalog, which offers affordable property listings. For more information and the opportunity to acquire your dream property at a competitive price, call the provided phone number. Property Evaluation from a Buyer's Perspective As a real estate investment, this property offers a competitive price given its age and necessary renovations. The historical significance and location in the heart of Xanten might attract potential tenants, although the property's condition will need to be considered. Additionally, the mixed-use nature of the building provides multiple income streams. However, it is essential to consider potential renovation costs, and there may be barriers such as local taxes or restrictions related to the property's status as a historic monument. From a lifestyle perspective, purchasing this property would provide the opportunity to live in a historic building and potentially run a business in a desirable location. However, the property's condition and the need for renovations should be carefully evaluated, as this could affect both the cost of the purchase and the overall living experience.