P8 Klagenfurt Living – Spacious 5.5-room apartment in the center of Klagenfurt in need of renovation

The property – P8 Klagenfurt Living

The estate P8 Klagenfurt Living was built in 1957 and comprises several residential units with versatile usage possibilities. The units are suitable for owner-occupation, as a city apartment as well as for rental.

Short-term rental is permitted.

The property is subject to the partial scope of the Tenancy Act (MRG). In this context, free rent applies, whereby the rent amount can generally be freely agreed within the framework of the legal provisions.

The building has no lift.

Parification & residential property ownership

The entire estate is currently undergoing parification. In this process, all units are transferred into legally independent residential property ownership.

After completion, buyers acquire a clearly defined, parified unit with the corresponding shares in the estate. Completion of the parification is expected by the end of 2026 or early 2027.

Reserves

Currently there are no reserves within the meaning of the Condominium Act (WEG), as these can only be formed after the establishment of residential property ownership.

All costs incurred to date for maintenance, repairs and improvements have so far been borne by the sole owner.

After successful parification, reserves will be formed in accordance with the legal provisions.

Operating costs

The current operating costs amount to approximately € 1,86 per m² net monthly plus 10 % VAT.

The heating costs are currently approximately € 0,51 per m² net monthly plus 20 % VAT and are billed separately as part of the district heating supply.

In the course of the parification, an adjustment of the operating cost structure is to be expected, in particular due to:

• the formation of a statutory reserve
• possible additions to services (e.g. cleaning, administration)
• resolutions within the framework of the first condominium owners' meeting

Currently no reserve is being accrued; therefore this is not included in the currently stated operating costs or monthly costs. The formation of the statutory reserve only takes place after the establishment of residential property ownership or after parification. The statutory minimum reserve currently amounts to € 1,12 per m² monthly.

Note on the purchase process:

The legal processing of all purchase contracts is carried out by the notary office Notariat Oberwandling, Widmanngasse 43, 9500 Villach.

By signing a purchase offer, the following conditions are deemed agreed:

• 1.5 % of the purchase price, but at least EUR 1.500,00, each plus VAT and cash disbursements for the preparation of the contract and land register execution.
• In the case of external financing, an additional EUR 400,00plus VAT and cash disbursements is charged for the fiduciary processing with the financing bank including entry of the lien in the land register.

These conditions are a binding part of the purchase process.

The apartment on the 3rd floor has a total area of approx. 114,4 m² and impresses with a clearly structured and functional room layout.

On entering the apartment you first arrive in an approx. 9 m² large hallway, which leads into a centrally located, approx. 7,8 m² large distribution area. From here all rooms are easily accessible, resulting in a clear and practical layout of the apartment.

The separately arranged eat-in kitchen with approx. 14,5 m² offers sufficient space for a dining area and is complemented by an adjoining storage room of approx. 0,7 m². The bathroom has an area of approx. 5,1 m², additionally there is a separate WC of approx. 0,7 m² available.

The apartment comprises 4 further rooms of different sizes. A generous room of approx. 23,3 m² and another of approx. 22,2 m² offer versatile usage possibilities. The room offer is complemented by a room of approx. 15 m² and another of approx. 10,8 m². In addition, a compact room of approx. 5,3 m² is available, which can be used individually as required.

Due to the central access via the hallway, the rooms are well separated from each other, allowing for flexible use of the apartment.

We ask you to review the 3D tour before arranging a viewing appointment.

Link: Virtual tour

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