The property is located at the edge of a residential area mainly characterized by smaller multi family buildings, about 2 km north of the city center.

All supply connections like drinking water, gas, electricity, municipal sewer line and telephone are available. The land area comprises of 2 plots of land which form an economic entity. The solid brick building from about 1912 has 4 stories, wooden beam ceilings, wooden stair construction, saddle roof covered with concrete roof tiles and some partially still existing adornments at the front facade. The loft space has not been converted and houses storage compartments of the tenants. After 1990 the apartment block underwent modernization works, such as the installation of a central gas heating, PVC insulated windows and tiled bathrooms with bathtub and/or stall shower. All apartments have 2 rooms (1 bedroom), kitchen, bathroom and corridor. In some of the units the original wooden floor planks still exist.

The complete building is in poor condition. The facade shows moisture penetration and partial cracks. Furthermore there are leaking windows and in recent times the basement had a water ingress. So the block needs extensive renovation and redecoration works from top to bottom.

The outbuildings in the side and rear portion of the land are in a state of disrepair or partially only worth tearing down. They are just in sporadic use for storage purposes or parking. Renovation and demolition costs have already been considered in the valuation.

Although in poor condition the property delivers an annual net rental income of EUR 11,583 excluding utilities. There are 7 apartments in total, currently 3 of them are vacant (as of Feb 1, 2012). The floor spaces range from about 52 to 65 sqm or 560 to 700 sq. ft.

The total floor space of the building is about 389 sqm or 4,186 sq. ft. The land area is 681 sqm or 0.17 acre.

The building will be for sale by foreclosure auction in court to be held March 22, 2012. Minimum auction price will be EUR 35,000. Subject to higher bids! Market value set by court is EUR 70,000.

Luckenwalde is a city in Brandenburg state, Teltow-Fläming county, with a population of about 20,500 at the end of 2010. It's about 60 km south from central Berlin, about 40 km to the Berlin border and 45 km to state capital Potsdam. B 101 federal road runs through town. The city of 3 subdivisions is located on the railroad Berlin-Halle-Leipzig, the train station is within walking distance of about 1 km. There are also several bus routes. Both A 10 highway ring and A 13 state highway Berlin-Dresden are about 30 km away.

The former industrial town is one of 15 regional growth cores of Brandenburg state, so some branches of economy get publicly sponsored. Main industries are automotive engineering, metal working, microelectronics, solar technology, tourism, bio technology and food industry.

Besides city park and zoo the county town also has several cultural places, e.g. art gallery, city theater, museum of local history as well as historical and building monuments. Schools, kindergarten, medical facilities and shopping opportunities are sufficiently available.

The offer is subject to confirmation and free of commission for the purchaser/bidder.

Details based on statements of judicial appraisal and the sequestrator (actual rents). We can't assure the accuracy and/or the completeness. Errors in detail, transmission and translation reserved.