Seven1984
2020-08-12 12:17:03
- #1
Hello,
please provide the following assessment:
We still own a pathway parcel from a previous real estate transaction
141 sqm inner-city location.
Rural area, standard land value 35 Euro
The property cannot be built on in isolation because it is too narrow.
Important public water pipes run through it, supplying several local districts, as well as an access road for a power pole over this parcel.
The local municipality now wants to purchase the land and has written to us because they realized that it is not municipal property but privately owned and apparently paving measures are planned here. It was rather by chance noticed that it is not owned by the city.
Offer 15 Euro. That is the price the municipality last paid for garden land.
It is probably not freely marketable, there are two neighbors but they also have large properties. The pool of buyers is certainly very limited.
It certainly makes sense for the property to be municipal-owned, as it is not otherwise used.
The crux is now: it is used as a traffic route for a power pole and public lines run through it.
However, no rights have been entered in the land register for this.
For this reason, the offer seems too low to me.
I find the valuation somewhat difficult in this constellation.
My logic:
Inner-city location, standard land value there 35 Euro.
I would have set these 35 Euro as a fair price, but since it is de facto not buildable, this seems too high to the gentleman at the city and hard to enforce in the municipal council.
Therefore, I would like to hear opinions on how you would handle this situation.
please provide the following assessment:
We still own a pathway parcel from a previous real estate transaction
141 sqm inner-city location.
Rural area, standard land value 35 Euro
The property cannot be built on in isolation because it is too narrow.
Important public water pipes run through it, supplying several local districts, as well as an access road for a power pole over this parcel.
The local municipality now wants to purchase the land and has written to us because they realized that it is not municipal property but privately owned and apparently paving measures are planned here. It was rather by chance noticed that it is not owned by the city.
Offer 15 Euro. That is the price the municipality last paid for garden land.
It is probably not freely marketable, there are two neighbors but they also have large properties. The pool of buyers is certainly very limited.
It certainly makes sense for the property to be municipal-owned, as it is not otherwise used.
The crux is now: it is used as a traffic route for a power pole and public lines run through it.
However, no rights have been entered in the land register for this.
For this reason, the offer seems too low to me.
I find the valuation somewhat difficult in this constellation.
My logic:
Inner-city location, standard land value there 35 Euro.
I would have set these 35 Euro as a fair price, but since it is de facto not buildable, this seems too high to the gentleman at the city and hard to enforce in the municipal council.
Therefore, I would like to hear opinions on how you would handle this situation.