AllGrund Ltd. | HRB 50527 AG Offenbach
Immanuel-Kant-Str. 35 | 63303 Dreieich
Tel.: 06103 310847 | Fax: 06103 8073755
Email: email@example.com Homepage: www.allgrund.com
307m² land size, leasehold since 1952 to 99 years
City or town:
Commission payable by:
Note on the commission:
The brokerage commission pays the seller. There is no commission for the buyer.
In a nutshell:
Same leasehold owner since 1952, reliable partner. Safe return. Top opportunity where banks no longer pay interest!
Year of construction:
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.
Size of Landplot:
Ground reference value ser sqm land:
For which qualifying date:
1 Jan. 2018
Land area size:
Type of constructional usage:
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:
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.
Date of Energy Performance Certificate:
13 Dec. 2018
Type of energy performance certificate:
Residential building consumption certificate
Residential Building - Final Energy Value:
Energy efficiency class:
B (< 75)
Energy consumption for hot water included:
Main energy source:
Year of Construction of the Heating System according to EPC:
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!
Other information or specialties:
It is also interesting to relate the currently booming urban development in Offenbach.
Here is a good link:
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
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.
The offer was pointed out by AllGrund Immobilien GmbH. In case of purchase of the offer the commission to be paid by the buyer is 5.95% incl. VAT and is due with the notary contract. All information without guarantee. Interim rental or sale of the said object is up to agent or owner. All details without warranty, excepting error. Interim sale or rental to another party is a reserved right of the seller or agent. Any contracts and broker agreements are to be under German law.
Right of revocation: The undersigning confirms herewith, that he can withdraw the agency contract within a time frame of 14 days. This can be done by email, fax or letter or by phone call or in person and without giving reasons why. Fax: 06103/8073755; email: firstname.lastname@example.org, phone call: 06103/310847. However, the service of agent is considered to have been delivered and fulfilled, if the undersigning asks agent to arrange a rental contract, by waiving his right of revocation before the 14 days are over. Independently of this the undersigned has to pay an agency or brokers fee as outlined above only and in any case when signing a rental contract for the apartment viewed, There will be no extra fees or costs in case of revoking the agency contract nor in case of non-arrangement of a rental contract for this offer. Same is valid in case of a purchase contract.
Please note the following important information to you as a consumer to your right of withdrawal!
You have contacted us as a broker and would like to rent or buy one of our real estate (house, apartment, etc.). With this you enter a brokerage contract by law. This need not necessarily be completed in writing, but can also be done by so-called conclusive behavior. You give us the order to convey you a property, to show it, or to tell you the address or to make contact with the seller or landlord. As soon as this information has been provided to you by us, our commission claim is usually given. (It is like any other business too - you want a service and we as a service provider have earned a fee for it, if the service has been provided in full - or possibly even partially.)
Below we explain your right of withdrawal according to § 355ff. BGB
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 cancel your above-mentioned contract with the broker within 14 days without Statements in text form (eg letter, fax, e-mail, phone call) revoked. The period begins after receipt of this instruction in writing, but not before conclusion of the contract.
The time of the conclusion of the contract is in general the commissioning of the broker, which you have received, to send you details about the property offered or to take action for you (for example, viewing, sending an expose or further information, forwarding the address, lease, purchase agreement, etc.). In any case, access to this cancellation policy shall be deemed to be the latest date on which the 14-day withdrawal period begins.
To meet the withdrawal period, the timely dispatch of the cancellation by letter to AllGrund Immobilien GmbH, Immanuel-Kant-Straße 35, 63303 Dreieich or by fax to 06103/8073755 or by e-mail to email@example.com or call us at 06103/310847. The sending of the revocation to us on the last day of the revocation period is deemed to be timely. When sending by email, we recommend the use of a second way of communicating, preferably by fax, as emails also land in automatic spam filters, on which we have little influence. You can also call us to make sure that the revocation has arrived. However, you cannot withdraw orally. After proper revocation, any payments already made by you to us must be returned to you as the customer immediately, at the latest within fourteen days from receipt of the revocation. You will not be charged a fee for this return of payments. The reimbursement of payments will be made in the same way as the payment was made by you.
Order to provide services before expiry of the withdrawal period
If you would like to commission us with a service before expiry of this 14-day withdrawal period (e.g. inspection of the property, naming of the address, sending detailed documents, name of landlord or seller), then you declare to us that you have been instructed and agree with it that your right of withdrawal expires with that request to begin service.
Should you have received services from us until the timely exercise of your right of revocation, you hereby declare that in the event of a revocation of this contract for the services provided until the revocation, you will have to pay a customary, fair remuneration commensurate with the proportion of the already provided services which corresponds to the total volume of the contracted services. If the proof of the opportunity to conclude a contract or for the negotiation of a contract is provided, this corresponds to the total extent of our service. Other services provided to date (visits, consultations relating to the purchase or rental, etc.) may be remunerated by you in an appropriate and customary manner according to the expenses of the broker, provided that the entire service has not yet been provided in full.
Expiry of the right of withdrawal by full provision of services
You, the client, are hereby notified that your above mentioned fortnightly right of revocation expires as soon as we have provided the contractually agreed services completely and properly.
The legislature requires us to receive this right of revocation for every property we provide. There is no way to explain a general abandonment. Therefore, if you are requested to sign this confirmation every time you visit, it is solely due to the legal regulations to which we are bound. If it is indicated in an Exposé that you as a potential tenant or buyer have to pay any commission (because the broker is for example paid by the landlord or seller or possibly offers a property of his own possession), the right of withdrawal does not apply.