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Kreissparkasse Sigmaringen: Historic property with mysterious charm for sale
According to a report from www.schwaebische.de, the Kreissparkasse Sigmaringen is currently trying to sell an unusual property. The residential and commercial building on the street “In den Burgwiesen”, close to the Danube, is being offered by Tobias Schäfer for the Sparkasse. The exact date of construction of the building is unclear, as the energy certificate mentions the year 1952, but the city of Sigmaringen's construction plans also suggest an earlier date is possible. The property includes a residential unit with a living area of around 160 square meters and up to two commercial units with a total area of approximately 200 square meters. The purchase price is stated as 499,000 euros. The building is empty and...
Kreissparkasse Sigmaringen: Historic property with mysterious charm for sale
According to a report from www.schwaebische.de, the Kreissparkasse Sigmaringen is currently trying to sell an unusual property. The residential and commercial building on the street “In den Burgwiesen”, close to the Danube, is being offered by Tobias Schäfer for the Sparkasse. The exact date of construction of the building is unclear, as the energy certificate mentions the year 1952, but the city of Sigmaringen's construction plans also suggest an earlier date is possible.
The property includes a residential unit with a living area of around 160 square meters and up to two commercial units with a total area of approximately 200 square meters. The purchase price is stated as 499,000 euros. The building is empty and has been available since January 1st. The Klinik am Schloss and the Buchbinder car rental company were previously located there.
The property is in need of renovation and, according to the exposé, has an astronomically high energy requirement of almost 500 kilowatt hours per square meter per year, which at current oil prices amounts to more than 800 euros per month. Nevertheless, the house is touted by real estate sellers as an investment with great potential because of the “unique, unobstructed view of the castle” and the central location on the Danube.
The information provided suggests that due to its poor energy condition, the property may require a potential buyer to undertake costly renovation work, which could call into question the purchase price of 499,000 euros. In addition, the unclear timing of construction may make financing from banks difficult. In addition, the building's high operating costs could deter potential investors.
Overall, it can be said that selling this unusual property represents a challenge, both for the savings bank and for potential buyers, due to the unclear construction date, the need for renovation and the high energy costs.
This article was written based on an article from www.schwaebische.de.
Read the source article at www.schwaebische.de