Multi-family house (8 residential units) with garage complex

Niederstraße 20, 45663 Recklinghausen, Nordrhein-Westfalen

Auction in 13 days

Court notices and appraisals are published in German by the local court. Original wording is shown unchanged.

Appraised value

€155,000

Auction date

7 October 2026

11:00

38 more photos

Enforcement by a creditor

Appraised value

€155,000

Bidding thresholds

50%70%

77,500108,500

Minimum bid: below €77,500 (50% of the appraised value, five tenths in the wording of the statute) the court cannot award the property. Below €108,500 (70%, seven tenths) a party to the proceedings, a bank for instance, can block it.

Auction date

7 October 2026 · 11:00

Local court

Recklinghausen in Nordrhein-Westfalen

Auction venue

Amtsgericht Recklinghausen, Hauptgebäude, Reitzensteinstr. 17 - 21, 45657 Recklinghausen, Etage 1, Sitzungssaal 127

Case number

0022 . K 0075/2024

Next steps

Bid deposit

Wednesday, 30 September 2026

€15,500 (10% of the appraised market value)
By bank transfer to the court cash office
The court must have the money before the auction starts

Alternative: a crossed cheque or a bank guarantee at the hearing (§ 69 ZVG)

Auctionin 13 days

Wednesday, 7 October 2026

11:00
Amtsgericht Recklinghausen in Nordrhein-Westfalen

Payment of the purchase price

approx. November 2026

The court sets the deadline, roughly 6 weeks after the award

Documents

Official court records, free to download.

Klaava Pro reads them for you: condition, defects, land register and valuation.

Read the official auction notice

The ZVG portal only serves case pages inside its own site, so this route goes through Klaava.

The data comes from zvg-portal.de, the official portal of the German federal states.

Closing costs

Bid amount

€

of the appraised market value

State

Property transfer tax6.5%€7,085

Court fee for the award (§ 54 GKG)approx. 0.5%€545

Land register entryapprox. 0.3%€327

Total closing costs€7,957(7.3%)

Total investment

€116,957

€109,000 purchase price + €7,957 closing costs

Bid deposit€15,500

10% of the appraised market value (§ 68 ZVG). You lodge it before the auction date. On award it counts towards your bid, otherwise you get it back. That is why it sits outside the total above.

No estate agent, no notarised purchase contract. Saving against a normal purchase approx. €5,526 (~5.1%)

Estimates. They create no legal claim.

Key facts

Property type

Mehrfamilienhaus

Living area

582 m²

Price per m²

€266

Plot size

905 m²

Year built

1907

Occupancy

Owner-occupied

Town

45663 Recklinghausen

Property description

Multi-family residential house in Recklinghausen, approximately 5.7 km from the city centre, three-storey with converted attic floor and garage complex with eight car garages. The building was erected around 1907 in solid masonry construction as a residential and commercial building and is fully basemented; the garage complex dates from 1979.

The house comprises eight residential units, two per floor, with living areas between 47 and 106 m². The property is vacant as of the valuation date and has been declared uninhabitable by the city of Recklinghausen, so no rental income is currently generated.

There is a considerable maintenance backlog with damp damage in the cellar and roof area, corroded steel beams and apartments mostly in need of refurbishment. After refurbishment and re-letting there is significant income potential for buyers who can bear the necessary refurbishment.

Klaava Pro

What Pro adds for this property

12 findings from the appraisal, 3 of them rated severe
Valuation: Income approach, Property yield rate
3 entries in section II, meaning encumbrances and restrictions
10 units with floor area, actual rent and market rent
Energy: Heating type, Energy source
More key facts: Remaining useful life and 2 more
38 more photos of this property

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Official property description

The court’s wording

Bei dem zu bewertenden Objekt handelt es sich um ein dreigeschossiges, vollständig unterkellertes Mehrfamilienwohnhaus mit ausgebautem Dachgeschoss sowie einer Garagenanlage mit acht Pkw-Garagen. Das Objekt ist zum Wertermittlungsstichtag leerstehend und mit Schreiben vom 06.03.2025 von der Stadt Recklinghausen als unbewohnbar erklärt worden.

Es sind acht Wohnungen vorhanden mit einer Gesamtwohnfläche von ca. 582 m².

Ein Ansrechpartner soll nicht benannt werden.

English translation

The property to be valued is a three-storey, fully basemented multi-family residential house with converted attic floor as well as a garage complex with eight car garages. The property is vacant as of the valuation date and was declared uninhabitable by the city of Recklinghausen by letter dated 06.03.2025.

There are eight apartments present with a total living area of approx. 582 m².

A contact person shall not be named.

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

All information is given without warranty. The information shown was extracted automatically from official documents using AI and can be incomplete or wrong. Klaava accepts no liability for decisions made on the basis of this data. Only the official notices of the competent local court and the valuation report are authoritative.

What the surveyor's report says

Construction

Massivbau aus Mauerwerk, dreigeschossig und vollständig unterkellert. Satteldach mit Dachziegeln aus Beton, im Bereich der Anbauten flach geneigte Pult- und Flachdächer.

Findings of the surveyor · 12 findings