Anleger- und Bauträgerobjekt in Graz-Gries,Gewerbeareal mit Werkstätten, Werkshalle, Hallen, Büro- und Wohnflächen

Investor- and developer-property in Graz-Gries

Commercial area with workshops, halls, office and residential spaces as well as development potential

For sale is a versatile property in the up-and-coming Graz district of Graz – more precisely in the popular neighborhood Gries. The property is ideal for investors, developers or commercial tenants.

Existing properties

The property comprises a site area of 1.448 m². The original development was carried out in 1912, further additions and conversions took place between 1955 and 1999.

Overview of the existing:

• Two ground-level, connected halls/workshops (construction years 1955–1971–1999) with a total of approximately 317,00 m²
• Office spaces
• One apartment on the upper floor
• An additional small hall to the inner courtyard (approx. 164,00 m²) total: 481 m²
• Outbuildings (built 1912), partially basemented and two-storey, with renovation needs
• Small workshop with assembly pit
• Two driveways and several parking spaces

The outbuildings are currently used as storage and office spaces. Another residential building (built 1881) consists of basement, ground floor and upper floor, as well as a partially developed attic. Heating is currently provided by two oil-fired central heating systems as well as a blower heating system for the workshop. A district heating connection is available at the property boundary. Contamination at the workshop cannot be excluded.

Development potential for developers

If the existing buildings are demolished, according to the development plan a new development with a building height of up to 19 meters (up to 6 floors including the attic) is possible.

• Designation: KG/WA (EA) 08 – 2,5
• Average floor height: approx. 3,00 m
• Realizable: 5 full floors + 1 developed attic
• Taking into account a 50% deduction on the attic and a NRF/BGF factor of 0,70 yields a maximum obtainable net floor area of around 2.000 m²
• Requirement: construction of a green inner courtyard

With an assumed price per square meter of € 1.200, a calculated land value of around € 2.400.000 results.

Alternatively there is the possibility of a comprehensive renovation and continuation as a commercial or workshop location.

Location & infrastructure

The property is located in the dynamically growing district of Graz-Gries, an urban location with excellent infrastructure.

In the immediate vicinity there are:

• Grocery stores such as Billa and Spar
• Gastronomy establishments
• Schools and doctors
• Furniture stores
• Public transportation
• City center about 2 km away
• Parks and recreation areas

The excellent transport links and proximity to the city center make this location particularly attractive. A rare opportunity for investors and developers with attractive development potential or for business operators with space requirements. The property is immediately available. We would be happy to provide you with further information, a no-obligation viewing, and a consultation on financing options.

Please note that there is a close familial or economic relationship between the broker and the party to be brokered.

The broker acts as a dual agent.