Development property in Otterthal with approx. 1.534 m² total plot area – potential for 7 to 10 residential units

Interesting existing property with an existing inn building and an additional undeveloped plot – ideal for assessing a residential project

A versatile property with a total plot area of approx. 1,534 m² is for sale in Otterthal, Lower Austria. The offer includes an existing inn building with a spacious layout, as well as a separate, undeveloped plot of approx. 936 m² zoned as Bauland Agrargebiet (BA).

The property offers an interesting starting point for investors, developers and project developers wishing to assess the potential for future residential use. The focus is particularly on the possible conversion of the existing building into an apartment building with approx. 7 to 10 residential units.

All considerations regarding a change of use, the number of possible residential units and any additional development of the plot are expressly subject to compliance with building and spatial planning regulations and to the required official approvals.

Existing building with a versatile layout

The building, currently used as an inn, has a spacious layout and offers interesting starting points for possible redesign.

The existing building structure comprises:

• Ground-floor restaurant area with a function room for approx. 80 people
• Kitchen with cold room, bar area, office and sanitary facilities
• Ten rooms, each with its own bathroom and WC, as well as a balcony
• Two existing residential units on the upper floors
• Cellar with a boiler room and additional storage rooms
• Pellet heating with radiators
• Plastic windows with double or triple glazing
• Existing chimney connections
• Outdoor storage options

The existing room layout and residential units provide an interesting basis for assessing a conversion into several independent apartments. Whether and in what form the intended 7 to 10 residential units can be realized must be determined as part of a structural and official review.

Additional undeveloped plot of approx. 936 m²

A particular feature of the offer is the separate, undeveloped plot of approx. 936 m², which is also included in the sale.

The plot is zoned Bauland Agrargebiet (BA) and adds an additional plot area with independent development potential to the existing property.

The specific development and use options must be assessed based on the applicable land-use zoning, local building regulations and other relevant building regulations. Whether additional development or another use is possible depends on the relevant official requirements.

Interesting potential for developers and investors

The combination of the existing building and additional plot area offers various prospects for long-term use and further development.

The focus is on assessing the following possibilities:

• Conversion of the existing inn into an apartment building with approx. 7 to 10 residential units
• Redesign of the existing rooms and living areas into a contemporary residential concept
• Assessment of additional development options on the undeveloped plot
• Development of a long-term residential and investment property

The possibilities described are project ideas and should not be understood as uses that have already been approved.

Location in Otterthal, Lower Austria

The property is located in Otterthal and offers a rural setting for the development of a residential project within the existing building.

The offer is aimed in particular at developers, investors and project developers looking for an existing property with additional plot area and development prospects.

Important note on change of use and development

The possible conversion of the existing building into 7 to 10 residential units, as well as any additional development of the undeveloped plot, requires a separate review. Actual feasibility is subject to the applicable building and spatial planning regulations, the structural conditions and the required official approvals.

A versatile property with approx. 1,534 m² of total plot area, an existing building and an additional undeveloped plot – an interesting opportunity for investors and project developers looking towards possible future residential use.

We would be happy to provide further information and arrange a viewing.

The agent acts as a dual agent.

Take advantage of this unique opportunity to view the property – seeing and experiencing it is far more impressive!
A viewing is free of charge and non-binding, and gives you an unfiltered impression of the property.
I would also be happy to assist you with financing and with the sale/rental of your property.