Project property with halls on the ground floor and office space on the upper floor a project property with halls on the ground floor and office space on the upper floor

For sale is a large-volume development property with an existing hall and office complex on a ca. 3.420 m² site in an attractive commercial location in the Krems district.

The existing structure (halls on the ground floor, office spaces on the upper floor) allows both a short-term revitalization and rental as well as a complete project development (demolition & new construction).

The building stock is in need of renovation, but the existing volume and the size of the plot provide an excellent basis for a value-enhancing development.

The handover takes place largely vacated, thereby reducing the buyer's disposal and clearance effort.

Usage scenarios

Scenario 1 – Revitalization & Leasing

• Partial or complete renovation of the existing stock

• Use as commercial, storage and office space

• Generation of rental income after modernization

• Short- to medium-term cash flow

Scenario 2 – Demolition & New Build

• Development of modern commercial or industrial spaces

• New construction of halls with office portions

• Significantly higher third-party usability

• Exit with significant value increase

Scenario 3 – Reuse / Repositioning

• Combination of existing revitalization and new construction

• Flexible project structure

• Optimization of space efficiency

Law & Structure (integrated into the exposé)

The property has a multi-member ownership structure. Mutual pre-emptive rights exist among the co-owners.

In addition, a easement (right of way and right of access) is granted in favor of the rear plots. The exact course of the right of way is marked in the plan documents.

Key for the buyer:

• The maintenance, snow removal and ongoing care of the path is not the responsibility of the owner of the subject property, but of the owner of the benefiting plots.

• Around the marked route, no structural measures or barriers may be erected that hinder the exercise of the right of way.

• The easement is registered/secured in the land register.

• The use of the property is based on a utilization regulation pursuant to § 828 ABGB.

Investment highlights

• Large, contiguous plot of land

• Existing hall and office structure (volume present)

• Reduced removal and disposal effort

• Attractive development asset for project developers

• Development potential in the Krems district growth area

• Several exit options (Hold / Develop / Sell)

Note pursuant to the Energy Certificate Template Act: An energy certificate has not yet been submitted by the owner or seller, after our explanation of the generally applicable filing requirement, as well as the request to prepare it. Therefore, at least a total energy efficiency corresponding to the age and type of the building is considered agreed. We do not warrant or assume any liability for the actual energy efficiency of the offered property.

The broker acts as a dual agent.