Investment property with development potential – 8 garages and potential for expansion in Knittelfeld

Interesting opportunity for investors and project developers!

A versatile property with existing garage space and generous development potential is being offered for sale at Quellengasse 7 in 8720 Knittelfeld.

The building was originally constructed in 1983 and is currently partially in shell condition. The property offers an interesting combination of potential rental income and the opportunity to create additional living space.

Existing use and development possibilities

The ground floor contains a total of 8 garages as well as a storage and utility room. The upper floor is currently in shell condition and offers interesting possibilities for future use.

Particularly noteworthy is the plan already prepared in 2017 for the construction of 5 residential units on the upper floor, with a planned total usable residential area of around 158 m².

This property therefore provides an exciting basis for developing a small residential project with additional income opportunities.

Key facts at a glance

• Address: Quellengasse 7, 8720 Knittelfeld
• Plot area: approx. 515 m²
• Year built: 1983
• Building: Ground floor and upper floor
• Garages: 8
• Ground-floor area: approx. 171.31 m² according to the submitted plans
• Planned usable residential area on the upper floor: approx. 158 m²
• Planned total area according to the submitted plans: approx. 385 m²
• Building density: 0.5–2.5
• Condition: Requires renovation and completion

Attractive prospects for investors

Whether as a garage complex with ongoing rental income, for creating additional apartments or as a long-term development project – this property offers various possible uses.

The existing plans provide an interesting basis for further project development.

Take this opportunity to acquire a property with development potential in Knittelfeld!

We will be pleased to provide you with personal information about the property and arrange a viewing appointment.

RE/MAX Life Knittelfeld – We accompany you on the way to your next real estate investment.

We hereby point out that there is a family or economic relationship between the broker and the third party to be brokered.

Infrastructure / Distances

• Health
  • Doctor <500m
  • Pharmacy <500m
  • Hospital <1,000m
• Children & schools
  • School <500m
  • Kindergarten <1,000m
• Local amenities
  • Supermarket <500m
  • Bakery <500m
  • Shopping centre <7,000m
• Other
  • Bank <500m
  • ATM <500m
  • Post office <500m
  • Police <500m
• Transport
  • Bus <500m
  • Motorway access <1,500m
  • Train station <500m
  • Airport <7,000m

Distances as the crow flies / Source: OpenStreetMap