Residential and commercial building in need of renovation with great development potential in central location in St. Paul, near Koralmbahn

Residential and commercial building in need of renovation with great development potential in a central location in St. Paul, near the Koralmbahn

For sale is a residential and commercial building in a central location in St. Paul im Lavanttal, in the economically emerging region AREA SÜD, the economic region of southern Austria, due to the Koralmbahn.

The property was built around 1952 and around 1966 using solid brick construction and consists of an ensemble of two buildings directly connected to each other. On a plot area of approx. 449 m², the property offers a usable area of approx. 428.10 m² (according to the energy performance certificates), distributed across the ground floor and upper floor. In addition, there is a basement with an area of approx. 232.05 m² and an attic.

The existing zoning designation Bauland – Geschäftsgebiet opens up a wide range of possible uses and makes the property interesting for owner-occupiers, entrepreneurs, investors, capital investors, property developers and project developers.

The price of € 1,156 per m² is particularly attractive, as it already includes the plot, the basement and all usable areas – an exceptional overall offering with potential.

Currently, the entire ground floor consists of commercial areas, while the upper floor contains two separately accessible residential units. Due to the existing need for renovation and modernization, the building ensemble also offers numerous possibilities for revitalization and redesign.

As part of a comprehensive renovation, several modern residential units, a combination of apartments and commercial areas or an individual usage concept could, for example, be developed. The existing commercial areas on the ground floor are suitable, among other things, for office, practice, service or individual commercial uses and could alternatively also be completely converted into residential space.

The two existing residential units on the upper floor provide a good basis for future residential use and can be modernized and redesigned according to individual preferences.

A spacious, covered terrace connects the two sections of the building and can be ideally integrated into a future overall concept.

Some of the windows were renewed around 1990. In 2023, the heating system was renewed or converted to district heating.

There is a need for renovation and modernization, creating interesting design possibilities particularly for buyers with a clear development perspective.

The specific structural implementation and the respective ability to obtain approval must be clarified with the responsible authorities and specialist planners as part of the project planning.

The existing substance, the generous areas, the central location and the existing infrastructure provide a solid basis for further developing the property into an attractive residential, commercial or investment property through contemporary renovation and individual project planning.

The property is situated in a beautiful, central location in St. Paul im Lavanttal, with views of the surrounding landscape and in the direction of the main square. St. Paul combines recreation close to nature, cultural diversity, leisure opportunities and good infrastructure. Situated between the gentle hills of the Lavant Valley, the town offers an attractive combination of quality of life, nature and diverse opportunities.

Lavanttal railway station with an access point to the Koralmbahn can be reached in approximately 4 minutes by car. From there, Klagenfurt can be reached by Koralmbahn in approx. 20 minutes and Graz in approx. 35 minutes. This makes the location particularly interesting for commuters, business travelers and frequent travelers.

The city of Wolfsberg, with its very good infrastructure, is approximately 15 minutes away.

This property offers the opportunity to use the existing substance and an attractive location to develop a modern, sustainable and long-term interesting real estate project: Ideal for property developers, project developers, investors, capital investors, owner-occupiers and entrepreneurs who recognize the existing potential and wish to realize individual usage concepts. We look forward to your inquiry!

Do you need support with financing the property? We cooperate with selected, independent financing providers and would be happy to put you in contact with them, so that you can quickly, easily and without obligation receive financing proposals.

We are available at any time for further information and viewings. We ask for your understanding that we only conduct viewings when your complete contact details are provided, as we are obliged to provide proof to the owner.

The information contained in this exposé, in particular regarding floor areas, floor plans and plot size, is based exclusively on the documents and information provided by the owner or third parties – errors excepted. The broker has not carried out an independent inspection or remeasurement.

The stated residential, usable and plot areas are therefore to be understood as non-binding guideline values. It is expressly pointed out that the floor plans shown may not be true to scale, may differ from the actual conditions and dimensions on site, and that the actual existing structure may differ from the approved condition with regard to extent and size.

To the extent legally permissible, the broker excludes liability for the accuracy, completeness and currency of this information.

Ancillary costs of the purchase contract:

• 3.5 % real estate transfer tax
• 1.1 % land register registration fee
• Preparation of the purchase contract and escrow arrangement according to the tariff schedule of the contract preparer
• Commission 3 % of the purchase price plus VAT.

This offer is non-binding, subject to change, and subject to interim sale.

The agent acts as a dual agent.

Infrastructure / Distances

• Health
  • Doctor <125m
  • Pharmacy <150m
• Children & schools
  • School <75m
  • Kindergarten <3.975m
• Local supplies
  • Supermarket <200m
  • Bakery <100m
• Other
  • Bank <125m
  • Post office <150m
  • ATM <3.925m
  • Police <200m
• Transport
  • Bus <100m
  • Railway station <500m
  • Motorway access <6.675m

Distance information in a straight line / source: OpenStreetMap