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MFH multi-family house with garages on 2300m² building plot
Gelsenkirchener str 308, 45327 essen (Katernberg) – Nordrhein-WestfalenSell here my MFH with a living space of 259m² and a 2300m² plot.
When buying through the court in ZVG the city has no right of first refusal !!!
Only with a normal purchase through a notary does the city have a right of first refusal !!!
Question :
Hello I am interested in buying the property without going into foreclosure !
Answer :
Hello, if you buy it from me then the city will not allow it because they want to have the property themselves. In the ZVG there is no right of first refusal !!!!
Rental income approx. 4100 Euro per month cold rent ( 49.200,- per year )
For the storage space in the old pub and the garages.
The property will be sold via the forced auction on 13.12.2024 at Essen District Court.
There is an appraisal for the property from 2024 and also another appraisal from 2021 that is better.
The property will soon be changed to building land, as the city wants to build on the sports field there.
The land value according to Boris is 517,000 euros
For this reason, a reallocation procedure was imposed on the property by the city because they want to shift the boundaries slightly.
That's why the new reports state that some garages were not legally erected.
In principle, garages up to 30m² are free in NRW with a building permit !!!!
You can buy the whole thing and rent it out for about 4 years where you would have a rental income of about 200,000.
Then build there yourself as you see in the new building project I wanted to build with 3360 living space and 3950 gross floor area. When renting for a retirement home or nursing home, you can rent the whole 3950 to such a company that deals in
retirement home or nursing home.
Then you can sell the property and the object with a profit of approx. 1 to 2 million plus the rental income of approx. 200,000.
Or they do not build there in 4 years, but sell the property to the city for approx. 800,000 plus the rental income of approx. 200,000 by then.
There is a lot of potential there.
Are you interested in this house?
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Object Number
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OM-318763
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Object Class
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house
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Object Type
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multi-family house
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Is occupied
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Occupied
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Handover from
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by arrangement
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Purchase price & additional costs
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purchase price
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100.000 €
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Purchase additional costs
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approx. 8,423 €
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Total costs
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approx. 108,422 €
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Breakdown of Costs
* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs
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Estimated monthly rate: 373€
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Details
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Condition
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in need of renovation
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Bathrooms (number)
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3
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Bedrooms (number)
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3
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Number of garages
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17
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Heating
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other
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Year of construction
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1905
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Equipment
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basement
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Location
Location Check
Energy
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Energy efficiency class
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H
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Energy certificate type
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demand certificate
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Final energy demand
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344.00 kWh/(m²a)
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Miscellaneous
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