House for sale in Lunen, Germany

Property Description: Erbbaurecht for a semi-detached two-story two-family house with a basement and a living area of 188 square meters, as well as a garage. The house was built in 1972. The building has been vacant for about 2 years and is likely heated with an oil central heating system. An interior inspection was not possible, and plans were not available. The Erbbaurecht has been in effect since November 18, 1966, for a term of 99 years. Thoughts on Price: The property is currently being auctioned at the local district court with a market value of 301,010.00 EUR. There is a possibility to secure a 30% discount on the market value, bringing the price down to 210,707.00 EUR. Additionally, there are no notary fees or agency commission involved in the purchase. This property presents a unique opportunity for potential buyers to acquire a spacious home at a discounted price and with additional savings on associated costs.