Investment property in a premier location in Villach directly on the Drau river bank with attractive development potential for sale

The subject property is located at Gerbergasse 7 in the heart of Villach's city center and represents a classic, multi-storey tenement house built in a closed construction. The building features a ground-floor commercial premises and several residential units on the upper floors and shows an overall compact and well-structured use distribution. The units are functionally laid out and appeal to both the traditional rental housing market and small-scale commercial uses.

The existing stock dates from an older construction year and has been continuously used, which today presents the property as a solid existing object with stable rental income. At the same time, the existing structure opens up diverse possibilities for future optimizations, particularly with regard to rent adjustments, modernization measures, or a strategic repositioning of individual units.

Notably the development potential: The currently existing tenancy relationships are partially below today’s market level, which means that upon new letting or gradual adjustment there is a clear potential to increase yields. In addition, the property’s structure offers an attractive basis for further measures such as qualitative upgrading, layout optimizations, or a possible condominiumization with subsequent individual sale of the units.

Location description

The property is located in an absolutely central and sought-after location in Villach’s city center, just a few steps from the idyllic Drava riverside. This close proximity to the Drava gives the location a particularly high quality of stay and makes it highly attractive for both residents and commercial tenants.

The surroundings are characterized by excellent infrastructure: numerous shops, restaurants, cafes, and all daily needs facilities are within walking distance. At the same time, residents benefit from proximity to recreational areas along the Drava, offering diverse leisure and recreation opportunities.

The combination of urban living, excellent accessibility, and a nature-oriented location by the water makes this site one of the more sought-after residential and commercial locations within Villach. These factors sustainably ensure stable demand in the rental market and underscore the long-term appreciation potential of the property.

Especially against the backdrop of the central location and proximity to the Drava riverside, the property offers excellent prerequisites for future developments – whether through rent increases, qualitative upgrades, or a strategic repositioning in the market.

Conclusion

An interesting tenement investment in a central location in Villach with stable income and significant development potential.

Particularly suitable for investors who:

• want to build a long-term portfolio
• want to realize value appreciation through active management
• or plan a division into individual ownership

We are happy to provide further documents, figures, data, facts and viewing appointments on request.

Purchase price: € 650.000,-

HWB: in progress

Purchase costs

• Real estate transfer tax: 3,5 % of the purchase price
• Land register entry fee: 1,1 % of the purchase price
• Preparation of the purchase agreement and notarization: according to the tariff of the contract drafter
• Brokerage fee: 3 % of the purchase price plus 20 % VAT