Administrative building in need of modernisation
Humboldtstraße 35, 08468 Reichenbach, Sachsen
Court notices and appraisals are published in German by the local court. Original wording is shown unchanged.
Appraised value
€53,000
Auction date
4 November 2026
09:00
Appraised value
€53,000
Minimum bid: below €26,500 (50% of the appraised value, five tenths in the wording of the statute) the court cannot award the property. Below €37,100 (70%, seven tenths) a party to the proceedings, a bank for instance, can block it.
Auction date
4 November 2026 · 09:00
Local court
Auction venue
Pölbitzer Straße 9, 08058 Zwickau / Raum: 7 Sitzungssaal
Case number
0004 K 0072/2023
Next steps
Wednesday, 28 October 2026
- €5,300 (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)
Wednesday, 4 November 2026
- 09:00
- Amtsgericht Zwickau in Sachsen
approx. December 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.
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
State
Total investment
€39,331
€37,000 purchase price + €2,331 closing costs
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. €1,876 (~5.1%)
Estimates. They create no legal claim.
Key facts
Property type
Administrative building in need of modernisation
Living area
680 m²
Price per m²
€78
Plot size
831 m²
Year built
1970
Occupancy
Owner-occupied
Town
08468 Reichenbach
Property description
Former administrative and welfare building of a publicly owned enterprise (VEB Kohlehandel Reichenbach), built around 1970, in a central location in Reichenbach im Vogtland. The three-storey solid-construction building with a basement and unconverted loft has, after modernisation, an estimated usable floor area of about 680 m².
The building has stood vacant for many years. After 1990 only minimal maintenance work took place, in particular a partially renewed roof covering and isolated work on the heating and sanitary systems. The facade is rendered and in relatively good external condition.
The property is entirely in need of modernisation; all interior fittings, floor coverings, windows and doors still date from the operating period or have already deteriorated again. The heating system no longer functions, and the electrical installation is outdated. Comprehensive full refurbishment is required for any subsequent use. The plot is listed in the register of contaminated sites (former coal trading business).
Klaava Pro
What Pro adds for this property
- 10 findings from the appraisal, 1 of them rated severe
- Land register: Sheet, Cadastral district
- Timeline of modernisation work, with years
- Energy: Heating type, Energy source
- 3 more key facts
- 20 more photos of this property
Official property description
The court’s wording
modernisierungsbedürftiges ehemaliges Büro- und Verwaltungsgebäude mit Sozialtrakt, Bj. um 1970, lerrstehend, Eintrag im Altlastenkataster
English translation
administrative and office building in need of modernisation with welfare wing, built approx. 1970, vacant, listed in the register of contaminated sites
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 auf Streifenfundamenten. Unzeitgemäße Wärmedämmung (DDR-Standard).
Findings of the surveyor · 10 findings
- Heating
- Interior fit-out (6)
- Electrics
- Plumbing
- Facade
Read out of the market value report written by the court-appointed surveyor.