Investment apartment with strong development potential near Koralmbahn

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

For sale are two connected residential and commercial buildings in a central location in St. Paul im Lavanttal, in the economically emerging AREA SÜD region, the economic region of southern Austria, driven by the Koralmbahn.

The properties were constructed around 1952 and around 1966 in solid brick construction and form 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 designation as building land – commercial area opens up diverse usage possibilities 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 offer 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 be developed, for example. The existing commercial areas on the ground floor are suitable, among other things, for offices, practices, services 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 starting point for future residential use and can be modernized and redesigned according to individual preferences.

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

Around 1990, some of the windows were replaced. In 2023, the heating system was renewed or converted to district heating.

There is a need for renovation and modernization, which creates 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 towards the main square. St. Paul combines nature-oriented recreation, cultural diversity, leisure opportunities and good infrastructure. Located between the gentle hills of the Lavant Valley, the town offers an attractive combination of quality of life, nature and diverse possibilities.

Lavanttal railway station, with access to the Koralmbahn, can be reached in approximately 4 minutes by car. From there, the Koralmbahn takes approximately 20 minutes to Klagenfurt and approximately 35 minutes to Graz. 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 always happy to provide further information and arrange viewings. We ask for your understanding that we only conduct viewings if you provide your complete contact details, as we are required to provide evidence to the seller.

The information contained in this exposé, in particular regarding floor areas, floor plans and plot size, is based exclusively on documents and information provided by the seller 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 reference values. It is expressly pointed out that the floor plans shown may not be to scale, may differ from the actual conditions and dimensions on site, and that the actual building stock may differ from the approved condition with regard to its extent and size.

Any liability of the broker for the accuracy, completeness and currency of this information is excluded to the extent legally permissible.

Ancillary costs of the purchase agreement:

• 3.5 % real estate transfer tax
• 1.1 % land register registration fee
• Preparation of the purchase agreement and escrow administration according to the tariff schedule of the agreement drafter
• Commission 3 % of the purchase price plus VAT

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

The broker acts as a dual agent. Information as required by law:

• Heating energy demand:184.0 kWh/(m²a)
• Heating energy demand class: E
• Total energy efficiency factor:2.39
• Total energy efficiency factor class: D