$72,691

For sale is a 371 m² hereditary building plot in a quiet residential area of Bielefeld-Oldentrup - idyllically situated at the end of a cul-de-sac and in the immediate vicinity of Oldentrupper Park. The plot is developed with a terraced mid-terrace house from around 1968, which is owned by the leaseholder. Only the leasehold plot is being sold, not the building on it. The existing leasehold contract was concluded for a term of 99 years and ends on 30.07.2067. The current monthly ground rent is € 88.65 and was last adjusted on 18.02.2024. The ground rent is linked to the consumer price index determined by the Federal Statistical Office. If the index changes by more than 10% - up or down - the ground rent can be adjusted accordingly. Several changes are taken into account cumulatively. Under the terms of the contract, the landowner receives compensation amounting to two-thirds of the fair market value of the existing buildings and facilities when the leasehold expires (reversion). This offer represents an interesting opportunity for investors who would like to invest in a long-term leasehold model with stable value in an attractive location.

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Land
• Home size: 0 ft² / 0 m²
• MLS: 25019012c
• Status: Active