Rarity! Opportunity in Villach Old Town. Development project

Rarity! Opportunity in Villach's Old Town

For sale is a residential and commercial building in a central location in Villach's Old Town. The building has a total area of approx. 473 m² on a plot of approx. 291 m².

The following rooms, which can no longer be used, are currently located in the property:

• Ground floor: former gastro area with storage rooms
• 1st floor: guest rooms from a former hotel operation
• 2nd floor and 3rd floor: a large residential unit with around 200 m²
• Basement: storage

A total of 11 apartments and an office with approx. 24 m² have already been planned and submitted for approval for this property. The entire building is in need of comprehensive renovation. All apartments and the common areas can be redesigned and brought up to a contemporary standard as part of a complete renovation.

Due to its central location in Villach's Old Town and the existing layout, the property offers an interesting opportunity for investors, developers and project developers. Following comprehensive renovation, there is the possibility of renting out the apartments long-term and using the building as an investment property.

The location is attractive due to its proximity to the city centre, with numerous shops, restaurants, service providers and facilities for everyday needs.

Offered at € 595,000,- (if applicable, plus 20 % VAT.)

An interesting opportunity for anyone wishing to acquire an entire residential and commercial building in a central Villach location and renovate it comprehensively.

The agent is acting as a dual broker.