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 has 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 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 now been vacated, providing maximum flexibility for repositioning or project development. Only the commercial space on the ground floor is currently leased until 2028 and provides ongoing rental income until then.

A comprehensive development concept has currently been prepared. The upper floors are planned to be converted 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 perspectives for investors and operators.

In addition to the existing usable area, the property has an undeveloped raw attic that offers further development potential. An elevator is already present in the building and represents a significant added value for future use.

The property also convinces with its value-stable 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
• - Elevator already present
• - No registered building encumbrances
• - No suspicion of contaminated sites

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

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

Interested?

For further information or to arrange a viewing appointment, Thomas Berger is at your disposal at 0676 / 963 55 85 or [email protected].

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

All information is based on information from the seller and authorities. No liability is assumed for the accuracy and completeness. All planned uses, conversions 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 double broker.