Investment property with 4 apartments in Reichenbach - Germany

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About this lot

The building has 4 apartments, totaling approx. 170 m2. It also has a partly converted attic, and the building is partly basemented, the basement can be used as storage for the residents. At the back of the building is a spacious garden. The window frames that have been renewed also have insulating glass. The total plot is approx. 280 m2.

Reichenbach im Vogtland is located in a region with a healthy economic base. The environment is characterized by a mix of traditional industry, innovative production companies and a growing service sector. Employment is offered in the mechanical engineering, automotive industry and craft sectors, among others. Thanks to this economic structure, there is a constant need for rental housing, especially for employees and families looking for affordable, practical housing. The housing market is well-organized and stable, with a continuous demand for rental apartments such as those in the offered object, which ensures a solid starting position for rental.

What makes Reichenbach really special is the combination of economic opportunities and a high quality of life. The region offers countless recreational opportunities: extensive hiking and cycling trails, nature parks such as the nearby Göltzschtal with its famous bridge, and historic town centres with half-timbered houses and local gastronomy.
Many water sports are practiced and there are many thermal baths.

The property needs to be renovated and modernized.

The building is monumental, which means that the exterior may be changed with permission.

Google Maps coordinates: 50.62133721042153, 12.26853490334192
Lot number:
A1-36036-1

Lot specifications

Quantity
1
Margin
Yes
City
08499 - Reichenbach
Cadastral data
Amtsgericht Auerbach, Grundbuch von Mylau, Blatt Nr. 375, Flurstücke 396/i, 398/c

Documents

Attention please!
• It is an auction only by auction. No exit is organized; • During the auction, active bidders may be contacted by telephone or in writing to verify bids and to request a bank statement. This serves to protect both the bidder and the bidding process. It is therefore important that bidders can be reached during the auction. Troostwijk reserves the right to block accounts and remove bids. In that case, a bidder who was previously the highest bidder but outbid can then become the highest bidder again and be kept to the bargain. • After the client has been awarded, a security invoice of 30% of the purchase price must be deposited within 48 hours, + auction costs must be paid; • After receiving the deposit, the purchase agreement is drawn up and signed at a notary in Germany; • The notary appointed by the seller, probably in Meppen or Aue, will send a purchase contract including the date of the notarial transfer, if the highest bidder cannot be physically present here, the purchase contract must be signed via an apostille, after the notary has emailed the power of attorney letter. Must be correctly signed, endorsed with an apostille and returned to the notary within 2 weeks; • 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; • Grunderwerbsteuer 3.5% • This sale comes with an 'as is, where is' clause. The object is delivered with the furniture and items that are still present on site; • It is not guaranteed that the list is complete; • The terms and conditions of use and the legal relationships that arise with regard to the auction are governed by Dutch law; German law applies to the notarial purchase contract. • Troostwijk Auctions • Real Estate dep. • Overschiestraat 59 • 1062 XD Amsterdam • realestate@troostwijkauctions.com • Tel. +31(0)85 - 107 43 03

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