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Investment complex near Freiberg 19 units on approx. 4,000 m2 plot, Germany

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Lot specifications
Quantity
1
Margin
Yes
City
Borstendorf
Cadastral data
Amtsgericht Marienberg Grundbuch von Borstendorf Blatt 171 Flurstück 304/b
Address
50°46'24.9"N 13°10'40.8"E
Description
This special investment property consists of two buildings full of character that together immediately catch the eye. The appearance is unique, which gives the whole a rare and recognizable appearance. A property that clearly stands out within the market and is attractive to investors looking for character, scale and future potential. The complex is located on a spacious plot of 3810 m² and comprises a total of 17 homes and two business units, with a combined usable area of approximately 1378 m².

The apartment building has energy label C and consists of six homes. The window frames have been renewed and equipped with plastic and thermal glazing. The attic floor offers opportunities for the realization of additional apartments, which gives room for expansion of the return.
The former town hall forms the second building and is a monumental building with a special history. This building contains eleven homes and two business spaces, including a former bank branch. The roof was renovated about four years ago and here too the attic offers space for further expansion. One apartment is currently rented with an annual rent of 4200,-. Due to its monumental status, no energy label is required. Adjustments to the outside must take place in consultation with the municipality. The adjacent building is not under monument protection.

For the full text open the file under documents!
Additional details
• It is an auction only by auction. No exit is organized; • During the auction, we may approach active bidders by telephone or in writing to check bids and ask for bank statements. We do this to protect bidders and the bidding process. It is therefore important that you as a bidder can be reached during the auction. Troostwijk reserves the right to block accounts during the auction. • After the client has been awarded, a deposit note of 30% of the purchase price must be paid within 48 hours, + auction costs must be paid; • After receipt of the deposit, the notarial deed is drawn up and signed at a notary appointed by the seller in Germany; • Despite whether the possibility exists or viewing from the inside is possible, we advise you to view the object from the outside before you place a bid. After the client has been awarded, there is no longer any possibility of viewing. • The appointed notary sends a purchase contract including the date of the notarial transfer, if the highest bidder cannot be physically present, the purchase contract must be signed via an apostille. This must be correctly submitted to the notary two weeks after receipt. Otherwise, they can automatically be declared in default. • Payment of the other costs must be made after signing the purchase agreement; * The object is sold through an auflassungsvormerkung; • Please note: a bid placed is unconditional and irrevocable; • 21% VAT is charged on the auction costs; • This sale comes with an 'as is, where is' clause. If applicable: the object will be delivered with the furniture and items that are still present on site. • The terms and conditions of use and the legal relationships that arise with regard to the auction are governed by Dutch law, the purchase contract is governed by German law. • Troostwijk Auctions Real Estate • Overschiestraat 59 • 1062 XD Amsterdam • realestate@troostwijkauctions.com • Tel. +31(0)85 – 107 43 03
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