AllGrund Ltd. | HRB 50527 AG Offenbach
Immanuel-Kant-Str. 35 | 63303 Dreieich
Tel.: 06103 310847 | Fax: 06103 8073755
Email: service@allgrund.com Homepage: www.allgrund.com
307m² land size, leasehold since 1952 to 99 years
ZIP Code:
63067
City or town:
Offenbach
Federal country:
Hessen
Asking Price:
€ 209,000.00
Commission payable by:
Seller
Note on the commission:
The brokerage commission pays the seller. There is no commission for the buyer.
Size of Landplot:
307.00 m²
In a nutshell:
Same leasehold owner since 1952, reliable partner. Safe return. Top opportunity where banks no longer pay interest!
Year of construction:
1953
Detailed description of the object:
The leasehold land is sold, not the leasehold right. The hereditary building right remains with the owner of the right. The property was built around 1953 with a 10-family house. Since then, the building has been operated and maintained by the leaseholder. For the land owner this means a secure source of revenue for the next 32 years. With the end of the heritable building right in 2051, it is possible to renew the hereditary lease agreement with the same operator and to agree on a new leasehold rent, appropriate for the then determined land value; or - if renewal by the leaseholder is not desired - to indemnify and redeem the building for two-thirds of the market value (which will then be determined). For the duration of the leasehold, the annual rent is reviewed annually and adjusted if necessary. The adjustment of the annual lease fee is set out in the lease agreement. Since 1952, the annual rent of 296.55 € (580 DM in 1952)) rose to (2019) 4.123,44 € per year. That's an increase of 1,530 percent! You cannot invest your money more safely. The return in 2019 is a bit under 2%. No bank gives you such safe money these days! In the event of default on the annual lease charge, the so-called "home-use clause" comes into force, according to which the building is to be reimbursed by the property owner for two-thirds of the market value and is thus taken over. At the same time, the land values increase, without having to do any maintenance on the building, having to deal with tenants or having to claim rent losses.
The building itself has been extensively modernized by the leaseholder in recent years, including thermal insulation composite system and new windows, balcony renovation, roof renovation, individual modernization in the apartments, which were renewed when tenants were moving out, i.e bathrooms, electrical systems and doors.
Type of energy performance certificate:
Residential building consumption certificate
Residential Building - Final Energy Value:
65.80 kW/m²a
Main energy source:
District heating
Year of Construction of the heat generator according to EPC:
1953
Energy consumption for hot water included:
included
Energy efficiency class:
B (< 75)
Date of Energy Performance Certificate:
13 Dec. 2018
Other info concerning Energy Performance Certificate:
The energy pass does not cocern the property sold here, but is given here purely for information about the energy performance of the building located thereon. The building does not become the property of the buyer of the land!
Land area size:
307
Type of constructional usage:
Living
Is the plot situated in the area of a community statute:
Yes, all statutes can be viewed on the internet (see link further below)
Is the property in a section of §34 BauGB:
Yes
Is the property rented or leased:
The property is leased by a leasehold since 1952, for 99 years
State of development of the land acc. to ImmoWertV § 5:
Land ready to build on
Description of location:
The property is located in an excellent Offenbach city center location, near the S-Bahn station Leather Museum. Quiet side street.
City district:
City
Other information or specialties:
It is also interesting to relate the currently booming urban development in Offenbach.
Here is a good link:
"https://www.offenbach.de/leben-in-of/planen-bauen-wohnen/aktuelle_Projekte_stadtentwicklung/index.php"
While in Frankfurt the prices shoot through the clouds and the urban development reaches its limits (because the land prices have become prohibitive with land values of 4.000 € to 40.000 € per m²)
The market in Offenbach is still booming at the "normal" level of investors, from the buyer of a two-room apartment to the investor who can build and sell on fallow land without having to demand illusory prices.
Very lively and typical of the colorful city life of Offenbach is the Wilhelmsplatz and its weekly markets, especially on Saturday mornings, so that one can highly recommend a visit on a Saturday.
Obviously, Offenbach is a city with a high proportion of immigrants, but it faces up to this task and creates conditions in which people of all backgrounds and education can live side by side and with each other.
What is the outstanding feature of this property:
Secure interest-rate investment with unbeatable perspective
Comment:
Those who have land for leasehold hold a small section of eternity in their hands (or why probably sell institutions such as the Protestant Church no leasehold land ...)
Appointments for viewings:
The property is sold without visits. Address on request. Please only serious inquiries.
General Terms and Conditions
The property has been proven by AllGrund Immobilien GmbH Dreieich. Upon conclusion of the purchase contract, the brokerage fee, which the buyer pays to AllGrund, amounts to {courage} of the purchase price incl. VAT, due and earned with the notarial purchase contract. Subject to prior sale or letting. All information without guarantee, errors excepted. Contracts and brokerage contracts are concluded according to German law.
Right of withdrawal: The undersigned hereby confirms that he/she may withdraw from the brokerage contract within 14 days of the conclusion of the contract by email, fax or letter without stating reasons. However, the service of the broker shall be deemed to have been claimed and fulfilled if the undersigned, waiving his right of withdrawal, requests the conclusion of a purchase contract before the expiry of the 14 days. Notwithstanding the foregoing, the above-mentioned commission shall be payable to the broker only and in any case upon conclusion of a purchase contract. No further costs shall be incurred either in the event of revocation of the brokerage agreement or in the event of failure to conclude a purchase agreement for this property. The same applies in the case of a rental agreement.
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Right of withdrawal / cancellation policy
Please note the following important information for you as a consumer regarding your right of revocation!
You have contacted us as an estate agent and would like to rent or buy a property (house, flat etc.) offered by us. By doing so, you are entering into a brokerage contract according to the law. This does not necessarily have to be concluded in written form, but can also be done by so-called conclusive behaviour. You give us the order to arrange a property for you, to show it to you, or to inform you of the address or to establish contact with the seller or landlord. As soon as we have given you this information, we are generally entitled to commission. (It is like in any other business - you want a service and we as a service provider have earned a fee for it, if the service has been rendered completely - or if necessary also partially).
In the following we explain your right of withdrawal according to § 355ff. BGB
We will be happy to answer any further questions you may have. Please note that these explanations refer exclusively to your right of revocation of the brokerage contract, but not to rental or purchase contracts. You as the client may revoke your contractual declaration as described above vis-à-vis the estate agent within 14 days of the conclusion of the contract without stating any reasons (e.g. by letter, fax, e-mail). The time of the conclusion of the contract is generally considered to be the time when you commission the estate agent to send you details of the offered property or to act on your behalf (e.g. viewing appointment, sending of an exposé or further information, forwarding of the address, rental contract, purchase contract etc.). In any case, the receipt of this revocation instruction in paper form is the latest point in time at which the 14-day revocation period begins.
In order to comply with the revocation period it is sufficient to send the revocation in due time by letter to AllGrund Immobilien GmbH, Immanuel-Kant-Straße 35, 63303 Dreieich or by fax to 06103/8073755 or by e-mail to service@allgrund.com or SMS to 0151-58703200. Sending the revocation to us on the last day of the revocation period is deemed to be in due time. If you send us your cancellation by email, we recommend that you use a second means of communication, preferably by fax, as emails can sometimes end up in automatic spam filters over which we have little control. You are also welcome to call us to make sure that we have received your cancellation. However, you cannot revoke orally. After proper revocation, any payments already made by you to us must be returned to you as the client without delay, at the latest within fourteen days of receipt of the revocation by us. No fee will be charged to you as principal for this return of payments. The return of the payments shall be made in the same way as the payment was made by you.
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Order for the provision of services before the end of the cancellation period
If you wish to commission us to provide a service before the expiry of this 14-day revocation period (e.g. viewing, naming an address, sending detailed documents, naming landlord or seller), you thereby declare to us that you have been informed of this and agree that your right of revocation thereby expires.
If you have nevertheless already received services from us by the time you exercise your right of revocation in due time, you thereby declare that, in the event of a revocation of this conclusion of the contract, you shall pay a customary, reasonable remuneration for the services rendered up to the time of revocation, which remuneration shall correspond to the share of the services already rendered in the total scope of the contractually agreed services. If the proof of the opportunity to conclude a contract or for the mediation of a contract has been provided, this shall correspond to the total scope of our services. Other services rendered up to that point (viewings, consultations relating to the purchase or rental, etc.) are to be remunerated by you, if applicable, in an appropriate and customary manner in accordance with the broker's effort, insofar as the entire service has not yet been rendered in full.
Expiry of the right of withdrawal through complete performance of the service
You, as the client, are hereby notified that your fourteen-day right of cancellation set out above will expire once we have fully and properly provided the contracted services.
Please note:
The law requires us to provide you with this cancellation notice for each property brokered by us. There is no possibility to declare a general waiver of this requirement. Therefore, if you are requested to sign this confirmation again at each viewing, this is solely due to the legal regulations to which we are bound. If an exposé states that you, as a potential tenant or buyer, do not have to pay any commission (for example, because the agent is remunerated by the landlord or seller or, if applicable, is offering a property from his own property), the right of withdrawal does not apply.
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