IN NEED OF RENOVATION 4.5-room apartment | City centre location

The property – P8 Klagenfurt Living

The property P8 Klagenfurt Living was rebuilt after the destruction of the Second World War using funds from the Housing Reconstruction Fund and completed in 1957. The building comprises several residential units with versatile usage options and is suitable both for owner-occupation as a city apartment and as an investment property for short-term letting.

Due to the rebuilding with funds from the Housing Reconstruction Fund, the building is subject to the full application of the Tenancy Law Act (MRG). The provisions of the MRG therefore apply to tenancy agreements. The appropriate main rent pursuant to § 16 MRG applies.

The permissible main rent is determined by the tenancy-law provisions applicable in each case and cannot be freely agreed. The appropriateness of the agreed main rent may be reviewed in accordance with the statutory provisions. In particular, comparable properties with regard to location, size, amenities, state of repair and condition are relevant. In the case of fixed-term tenancy agreements, the legally prescribed fixed-term reduction of currently 25 % must also be taken into account.

Short-term letting is permitted in accordance with the condominium agreement.

The property is currently designated as building land – commercial area.

The building has no lift.

Condominium division & condominium ownership

The entire property is currently undergoing condominium division. In this process, all units are being transferred into legally independent condominium ownership.

Once completed, buyers will acquire a clearly defined, divided unit with the corresponding shares in the property. Completion of the condominium division is expected by the end of 2026 or the beginning of 2027.

Reserves

There are currently no reserves within the meaning of the Condominium Ownership Act (WEG), as these can only be established after condominium ownership has been created.

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

After the condominium division has been completed, reserves will be established in accordance with the statutory provisions.

Operating costs

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

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

As part of the condominium division, an adjustment to the operating-cost structure is to be expected, in particular through:

• the establishment of a statutory reserve
• possible additions to services (e.g. cleaning, administration)
• resolutions adopted at the first condominium owners’ meeting

No reserve is currently being charged; it is therefore not included in the currently stated operating costs or monthly costs. The statutory reserve will only be established after condominium ownership has been created or after the condominium division has been completed. The statutory minimum reserve is currently € 1,12 per m² per month.

Note regarding the purchase process:

The legal processing of all purchase agreements is handled by the notary firm Notariat Oberwandling, Widmanngasse 43, 9500 Villach.

Upon signing a purchase offer, the following terms are deemed agreed:

• 1,5 % of the purchase price, but at least EUR 1.500,00, in each case plus VAT and cash expenses for drafting the agreement and registration in the land register.
• In the case of external financing, an additional EUR 400,00 plus VAT and cash expenses will be charged for fiduciary processing with the financing bank, including registration of the lien in the land register.

These terms are a binding part of the purchase process.

This spacious apartment in the P8 Klagenfurt Living project on the 2nd upper floor (without lift) impresses with a clear room layout, well-usable room sizes and a practical floor plan. The apartment is particularly suitable for buyers who value several separately accessible rooms, a central location and a functional residential structure.

Upon entering the apartment, one first reaches the approximately 12,36 m² hallway, which serves as the central distribution area of the apartment. Several rooms can be accessed directly from here, creating a very pleasant and clear living situation. On the right are 2 separately accessible rooms of approximately 8,5 m² and approximately 16,2 m², which can be used as bedrooms, children’s rooms, offices or guest rooms as required.

The approximately 10,32 m² kitchen-living room can also be reached from the hallway and provides sufficient space for a compact kitchen and dining area. Directly adjoining it is the bathroom measuring approximately 3,96 m², which is practically integrated into the floor plan.

In the upper area of the apartment, the approximately 20,59 m² living room opens up, forming the most spacious living area of the apartment. From there, one reaches another room measuring approximately 16,48 m², which is particularly versatile due to its size.

Overall, the apartment offers a very functional layout with 4.5 well-usable rooms, a separate kitchen-living room, bathroom and central entrance hall. It is particularly pleasant that the individual rooms are clearly separated from one another, thereby providing a solid basis both for families and for living and working under one roof.

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

Link: Virtual tour

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We would like to point out that there is a family or economic relationship between the agent and the third party to whom the agent is providing brokerage services.

The agent acts as a dual agent.

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