Owner-occupied home in condominium ownership with heritable building right (Erbbaurecht)

Two-storey end-of-terrace house without basement with a green mono-pitch roof in a residential development of 37 owner-occupied homes in the western part of Recklinghausen, approximately 3.1 km from the city centre and well connected to public transport. The ground floor offers a hallway, kitchen, dining area, living room and further utility rooms, the upper floor comprises three rooms, bathroom and storage room as well as an additional separate storage room and bin store in front of the house and a garden shed at the rear. The property is owner-occupied by the owner; an immediate transfer of possession after the award is in principle possible, but is subject to the particularities of the heritable building right (Erbbaurecht) and the lack of an interior inspection.

The condominium ownership is linked to a co-ownership share of 27.98/1,000 in the developed heritable building right (Erbbaurecht), which runs until 22 October 2097 (remaining term approx. 73 years). A right of special use (Sondernutzungsrecht) to a carport area (No. 15) is assigned to the home. The room layout corresponds to today's standard and is designed in a functionally favourable way.

External walls of timber construction, painted, windows are timber-frame windows with insulating glazing. Heating via a gas condensing boiler from 2002 with a 300-litre hot water storage tank. An interior inspection could not take place due to refusal of access, and a safety discount (Sicherheitsabschlag) of 10 % was therefore applied to the market value. The remaining economic useful life is estimated at 43 years, with a total useful life of 70 years.

Wording of the local court, taken from the official auction notice.