Historic multi-family house with development and value appreciation potential
For sale is a characterful property in an excellent location of Graz–St. Veit, one of the most sustainably sought-after residential districts in the city. The historic multi-family house from the turn of the century (construction year approx. 1900) offers solid structural substance, several existing usage units, and substantial potential for a structured further development.
The property is located in the old building protection zone (zone 4). The preservation of the existing building substance is intended, at the same time renovations, floor plan adjustments and a careful revitalization are permissible. The building density of 0.2 - 0.3 according to the zoning plan opens up additional planning possibilities within the applicable regulations.
Key data & substance
The existing structure enables a stepwise renovation, rearrangement of units or a conceptual realignment (e.g., high-quality living space, investor apartments or mixed-use concept).
Existing usage units (excerpt)
Ground floor: Former inn “Zum Kirchenwirt St. Veit” ca. 230 m² usable area + ca. 18 m² terrace (out of operation since 2017, largely cleared)
Upper floor & attic: Several residential units of different sizes
The existing units provide a solid basis for repositioning, qualitative upgrading and sustainable income growth.
Quality of location & market potential
St. Veit is among the most stable and value-retaining residential areas in the northern part of Graz. The combination of natural surroundings, excellent outlook, and very good infrastructure ensures consistently high demand – in both ownership and rental segments.
A key unique selling point of this property is the rare panoramic view over Graz (Schlossberg, city area, Plabutsch). This feature offers significant upside potential in positioning high-end residential units, especially in the upper price segment.
Infrastructure & Rentability
Very good access to public transport
Fast reach to the city center
Nearby educational, provisioning and shopping facilities
Good transport connections (A9)
These factors secure long-term rental viability as well as sustainable value development.
Investment Highlights
Established top location in Graz–St. Veit
Historical substance with development potential
Several existing usage units
Attractive vantage position with rarity value
Historic old building protection zone with renovation and adaptation possibilities
Solid foundation for long-term appreciation or project development
Take advantage of this unique opportunity to acquire a multi-family house in need of renovation in one of the best locations in Graz. Let your imagination run free and shape this property according to your ideas. The value of this property will increase significantly with the right measures and thus offers you not only a home but also an excellent investment for the future.
Do not hesitate to contact us for more information or a viewing appointment. Your new project awaits you!
