Plenty of space in a central location: 4.5-room apartment

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

The permissible main rent is based on the tenancy-law regulations applicable in each case and cannot be freely agreed. The reasonableness of the agreed main rent may be reviewed in accordance with the statutory provisions. In particular, comparable properties with regard to location, size, furnishings, state of preservation and condition are decisive. 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 – business area.

The building has no lift.

Parification & condominium ownership

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

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

Reserve funds

There are currently no reserve funds 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 parification has been completed, reserve funds 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.

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

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

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

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

Note regarding the purchase process:

The legal processing of all purchase agreements is carried out through the notary’s office Notariat Oberwandling, Widmanngasse 43, 9500 Villach.

Upon signing a purchase offer, the following conditions 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 are charged for the escrow handling with the financing bank, including registration of the lien in the land register.

These conditions are a binding part of the purchase process.

This spacious apartment in the P8 Klagenfurt Living project on the 3rd upper floor (without lift) impresses with a clear 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.

When entering the apartment, one first reaches the approx. 15,43 m² hallway, which serves as the central distributor of the apartment. Several rooms can be accessed directly from here, creating a very pleasant and clear living situation. On the right-hand side are 2 separately accessible rooms measuring approx. 8,80 m² and approx. 16,25 m², which can be used as bedrooms, children’s rooms, offices or guest rooms, depending on requirements.

From the hallway, one can also access the approx. 10,94 m² eat-in kitchen, which offers sufficient space for a compact kitchen and dining area. The bathroom, measuring approx. 3,73 m², is directly adjacent and is practically integrated into the floor plan.

In the upper area of the apartment, the approx. 20,59 m² living room opens up, forming the apartment’s most spacious living area. From there, one reaches another room measuring approx. 17,25 m², which is particularly versatile due to its size.

Overall, the apartment offers a very functional layout with 5 highly usable rooms, a separate eat-in kitchen, bathroom and central entrance hall. It is particularly pleasant that the individual rooms are clearly separated from one another, providing a solid basis both for families and for living and working under one roof.

We 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 broker and the third party to whom the brokerage services are provided.

The broker acts as a dual broker.

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