Apartment building in central Klagenfurt city centre location – existing income and development potential

This residential and commercial building, situated in a central location in Klagenfurt city centre, is for sale with existing rental income and interesting development opportunities. The property offers an attractive starting point for both traditional investors and investors seeking to realise additional potential.

The approximately 474 m² plot contains two building sections connected on the ground floor. Both have separate street-facing entrances. A total of approximately 570 m² of main floor space is available, distributed across the ground floor and the two upper floors.

The approximately 355 m² commercial space on the ground floor and a further unit of approximately 130 m² on the upper floor are currently rented. The existing tenancies generate ongoing income and therefore provide a basis for a long-term investment.

Additional income potential is offered by a unit of approximately 85 m² that is already vacant. It can be upgraded through targeted renovation measures and then rented out again. This creates the opportunity to generate additional rental income without first undertaking comprehensive development of the entire property.

According to the existing zoning plan, there is generally the possibility of adding an additional storey to one of the two building sections.

The property is in need of some renovation and modernisation. Future owners therefore have the opportunity to first upgrade individual units selectively and generate additional rental income. Larger development projects can be pursued independently of this.

According to the network information provided by Stadtwerke Klagenfurt, connecting the property to the gas or district heating network is feasible.

Key details at a glance:

• Central city-centre location in Klagenfurt
• Plot area: approx. 474 m²
• Main floor space: approx. 570 m²
• Two units currently rented
• One vacant unit of approx. 85 m²
• Two unfinished attic areas totalling approx. 271 m²
• Adding a storey to one building section is generally possible
• Additional attic space for use as storage or a storeroom
• Existing rental income and additional rental potential
• Fixed-term tenancies
• Two street-facing building sections with separate entrances

Notice pursuant to the Energy Performance Certificate Presentation Act: The owner or seller has not yet provided an energy performance certificate, despite our having informed them of the generally applicable obligation to provide one and having requested that it be prepared. Therefore, at least an overall energy efficiency corresponding to the age and type of the building is deemed to have been agreed. We accept no warranty or liability whatsoever for the actual energy efficiency of the property offered.

The agent is acting as a dual agent.