Residential and commercial building with storage building

Mixed-use residential and commercial building in Castrop-Rauxel-Bövinghausen, on the edge of town in a medium residential area, approximately 6 km from the town centre and well connected to public transport. The two-storey building with basement and converted attic, dating from 1950 (post-war reconstruction), houses a shop and a flat on the ground floor, a further flat on the first floor, and a third flat in the attic. The ensemble is complemented by a single-storey rear extension with an office room and a separate storage building (1982) on the 640 m² plot. The property is partly owner-occupied and partly let, with an estimated annual gross income of approximately 22,121 euros for the main building and 2,415 euros for the storage building.

The condition of the building is slightly below average, with a noticeable maintenance backlog and modernisation needs. In particular, the roof shows leaks, the basement shows moisture damage typical of its construction period, and the thermal insulation is inadequate. Extensive modernisation is required for sustainable economic use, which is assumed as already carried out in the valuation. Risk deductions were applied due to the lack of internal inspections of several rental units.

Wording of the local court, taken from the official auction notice.