Rare Opportunity – Historic Tenement House with Development Potential in Attractive Klagenfurt City Centre Location

This representative Gründerzeit building from around 1903 combines historic charm with exceptional development potential. The solidly built property offers a usable area of approx. 688 m² on a plot of approx. 280 m² and is fully basemented. The property is heated by district heating.

The house presents itself in an excellent and well-maintained overall condition: the roof was completely renewed in 2017, and the façade was repainted at the same time with a period-appropriate two-color paint scheme. The riser pipes were also renewed, the cellar is dry and divided into assigned cellar compartments.

Inside, the property impresses with elaborate stucco elements, green decorative tiles in the entrance area, a colorful Art Deco leaded glass window, and original wrought-iron Gründerzeit stair railings.

The fabric was restored in the original style and significantly expanded; the individual units have been modernized in recent years — with the exception of those on the 1st upper floor, a classic bel étage, in which a new bathroom has already been installed. Each floor also has outdoor areas.

The building extends over the ground floor and three upper floors and currently offers mixed use. All apartments on the standard floors (currently one apartment per upper floor) have meanwhile been vacated, creating maximum flexibility for repositioning or project development. Only the commercial space on the ground floor is currently leased on a fixed-term basis until 2028 and provides ongoing rental income until then.

A comprehensive development concept has currently been prepared. The plan is to convert the upper floors to create a total of 12x residential units, with four units to be created on each of the three upper floors. The existing commercial space on the ground floor will remain. The concept was developed particularly with regard to short-term rentals or hotel operation and thus offers interesting prospects for investors and operators.

In addition to the existing usable area, the property has an undeveloped raw attic that offers further development potential; if developed, the existing floor slab (currently approx. 2,00 m room height) must be adapted accordingly. The barrier-free passenger lift leads directly into the individual units and already into the attic — a significant added value for future use.

The property also convinces with its value-retaining framework conditions:

• - At a glance -
• - Year of construction approx. 1903
• - Solid construction
• - District heating
• - Fully basemented
• - Plot size approx. 240 m²
• - Usable area approx. 688 m²
• - Development concept for a total of 12 residential units
• - plus undeveloped raw attic with further development potential
• - Lift already available
• - No encumbrances
• - No suspicion of contaminated sites

According to information from the Federal Monuments Office, the exterior appearance including the roof, the driveway with transition area, the staircase and the rooms on the first upper floor are of monumental significance.

This property offers a rare opportunity to acquire a historic rental building with great development potential and attractive usage possibilities. Whether as a high-quality apartment building or a long-term investment — the already completed vacating of units, the existing infrastructure and the planned project development create ideal conditions for successful implementation.

Interested?

For further information or to arrange a viewing appointment, I am happy to assist you at 0676/9635585 or [email protected].

A detailed exposé with all documents, additional photos and information on the prepared development concept is available on request.

All information is based on information provided by the seller and authorities. No liability is assumed for its accuracy and completeness. All planned uses, alterations and developments are subject to the necessary official approvals and legal requirements.

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

The broker acts as a dual agent.