Commercial plot with car repair workshop

Commercial and partly wooded plot in the southern edge-of-town location of the district town of Itzehoe, Kreis Steinburg, with good regional and supraregional transport connections. On the 13,895 m² irregularly shaped plot there is a car repair workshop as well as a residential and hall building presumably erected before 1925 and economically worn out, while around 6,280 m² of the plot is designated as mixed woodland.

The car repair workshop is let as at the valuation date, the net cold rent is 500 euro per month, no written tenancy agreement was available. The residential and hall building, by contrast, stands vacant and, owing to its below-average state of repair, is assessed as no longer worth preserving, so the valuation assumes demolition.

The building development potential of the remaining commercial area is significantly restricted by the statutory forest setback of 30 metres, and secured new development is not currently possible. The economic focus of the property therefore lies in the existing workshop use, not in the land value or any development potential.

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