Commercial and Residential Building in St. Veit Investment Property

Investment property with potential

We are pleased to present this special purchase offer in the district capital of St. Veit an der Glan!

On the 363 m² property, this residential and commercial building was constructed in the 1960s and has been repeatedly renovated and maintained.

In the 1970s the roof was reroofed and in the year 2000 a total renovation was carried out. At that time the installations, piping, sanitary facilities, the electrical installations as well as all doors and windows were renewed.

In 2018 the entire heating system (pellets with underfloor heating) was replaced.

The areas

• In summary, this includes approximately 164 m² of commercial space, a total of 184 m² of living space, and about 175 m² of storage and heating room.
• On the ground floor there are currently a hairdresser and nail studio as well as a glass atelier. Potential rent (€ 9,-- ) = € 1.476,--
• In the two upper floors there are two apartments, each of about 90 m². For one of these two apartments, as part of the sale, a life-long right of residence for the seller will be established. Accordingly, the purchase price was set lower.
• Potential rent apartment 90 m² (€ 11,--) = € 990,--
• Thus the total rent to be achieved: € 2.466,--; thus annually € 29.592,--. This results in an annual return relative to the purchase price of € 420.000,-- of 7,05 %!
• On the property itself there are 2 car parking spaces. The customers have the option to park their vehicle directly in front of the business on the public parking strip.
• Multiple use possible
• Of course, self-use of the apartment and simultaneous rental of the remaining spaces is also possible.

Pricing:

• The seller and we look forward to receiving a purchase offer from you after a thorough viewing.
• Brokerage fee: 3 % of the purchase price plus 20 % statutory VAT

MARKTLÜCKE - REAL ESTATE - GLM Immobilien GmbH:

The best way to form your own impression is to schedule a non-binding viewing appointment with us! Please contact us exclusively by email!

Take advantage of our more than 25 years of experience in real estate and finance! - Your property, your finances - in our hands!

Note:

In accordance with the FAGG (Distance and Off-Premises Transactions Act) and the VRUG (Consumer Rights Directive Implementation Act), which came into force on June 13, 2014, the provision of relevant information such as the location of the property is only possible after receipt of a written inquiry with complete contact details. We ask for your understanding.

The data provided comes from the owner and/or third parties and has been collected with care. However, no liability can be assumed for accuracy and completeness. Technical systems / facilities and devices were not checked for their operability. Figures may be rounded or estimated. The offer is non-binding and without obligation. Errors and changes are reserved.

Note pursuant to the Energy Certificate Template Act: An energy certificate has not yet been submitted by the owner or seller, following our explanation of the general obligation to provide a certificate and the request for its preparation. Therefore, at least an overall energy efficiency appropriate to the age and type of the building is deemed to be agreed. We assume no warranty or liability for the actual energy efficiency of the offered property.

The intermediary acts as a dual agent.