“Owners can no longer pay”: This confiscated, sad state of land is for sale for 10 million euros

At 2, Place de la Gare, Houilles (78), the entrance looks nothing special. A very small door, a facade that leaves something to be desired. Behind, the scene is difficult to see: a fallow garden, a demolished wooden construction or even a shelter clad with rusting metal sheets. And yet, this land is listed for 10 million euros! A transaction that is not ordinary because it is a auction The judicial proceedings which will take place in the Paris Court on 16 May. The reason? The owner’s company, which specialized in real estate, was liquidated and, under pressure from his creditors, his land was seized by the courts so he could pay off his debts.

,This extraordinary sale will be one of the most important sales of the year 2024 in the Paris region», says Alix Bernard-Faucon, development manager of Wench, real estate auction site Where the advertisement was posted. For the platform, it’s the second in a few weeks Auction of a prestigious palace Near Angers (49) whose owner saw his SCI (Société Civile Immobilier) liquidated. ,It is extremely rare to have two exceptional sales in a short period of timeAlix Bernard-Faucon comments. We usually do 3 to 4 per year. With inflation, the cost of work increases and projects get blocked. Owners can no longer pay, property is confiscated and work is often half-finished.,

Interesting for promoters

Another explanation for such a high price: the surface area of ​​the land. The total plot extends to approximately 11,500 square meters across 17 addresses. Or a little more than 870 euros per square meter. A ridiculous price that will probably interest developers, such as real estate investors, who want to take advantage of such a plot to build housing. And all the more so because the land is just a short distance from the RER A station, which connects Ovilois to Paris in just twenty minutes. but after consulting Terms of saleInterested candidates will be in for an unpleasant surprise: The surface area doesn’t have to be that high.

The real estate complex, which, for those in the know, stretches between the Place de la Gare, the Avenue Charles de Gaulle, the Rue Gambetta and the Rue Robespierre, does not entirely belong to the unscrupulous owner. Many co-ownership associations claim ownership of certain lots. An ambiguity associated with the death of the owner who “didn’t”The liquidator was not allowed access to elements relating to the ownership of the lot.,It will be up to the candidates to make necessary inquiries regarding effective ownership of the lot.», warned prosecution lawyer Maître Valérie Dutreuil.

A real obstacle course that proves that buying real estate seized by the courts is not always a good business. ,No sarcasm intended, this is a matter of legal auctions», says Alix Bernard-Faucon, smiling. To avoid unpleasant surprises, it is necessary to carefully read the documents available to buyers (Justice Commissioner’s minutes and conditions of sale). Without forgetting the visits that will be organized on April 30 to the Houilles region.

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