Rental building with residential and commercial spaces in St. Gertraud in the Lavanttal

Rental apartment building with residential and commercial spaces in St. Gertraud im Lavanttal

For sale is a well-maintained, continuously renovated rental apartment building with commercial and office spaces on the ground floor as well as a total of five residential units distributed across the 1st and 2nd upper floors and the attic floor. The building was constructed around 1969 using solid brick construction, has a full basement and is situated on a plot with an area of approx. 651 m². The total usable area is approx. 564 m² (according to the energy performance certificate) and the basement area is approx. 142 m².

The areas are divided as follows:

• Ground floor approx. 142 m² - commercial and office space
• 1st upper floor approx. 151 m² - entrance hall/stairwell, apartment 1 approx. 90.80 m², apartment 2 approx. 53.10 m²
• 2nd upper floor approx. 151 m² - entrance hall/stairwell, apartment 3 approx. 68.80 m², apartment 4 approx. 75.10 m²
• Attic floor approx. 120 m² - entrance hall/stairwell/storage area, apartment 5 approx. 41.30 m², apartment 6 approx. 46 m²
• Basement approx. 142 m²

Over the years, the property has been continuously maintained and partially modernized; the windows on the ground floor were also replaced around 1990. In 2013, the heating system was converted to a district-heating central heating system.

The combination of commercially used spaces on the ground floor and residential spaces on the floors above is particularly interesting. This gives the property an exceptionally high degree of flexibility with regard to its future use and makes it suitable both as a classic investment and for owner-occupiers or entrepreneurs who want to combine living and working.

Another interesting option is to use only part of the property oneself and rent out the remaining spaces. This allows for an individual combination of owner-occupation and ongoing rental income.

The commercial/office spaces on the ground floor are currently rented. The total of five residential units are currently used as workers’ accommodation. This results in total net rental income of around € 4,000, - per month. If interested, the existing tenancies can be continued for the coming three years. At the same time, it is possible to take over the property free of encumbrances and tenancies upon request. This gives the future owner the opportunity to organize the use and rental of the entire property individually according to their own ideas.

Even with a complete re-letting, the different areas of use offer interesting design options. The existing parking spaces complement the offer and increase the practical usability of the property.

Location and transport connections

The property is centrally located and particularly impresses with its good accessibility. The town of Wolfsberg and the entrance to the A2 Südautobahn can be reached by car in approximately 7 minutes. This provides excellent regional and supraregional transport connections. Via the A2, Klagenfurt can be reached in approx. 35 minutes and Graz in approx. 55 minutes.

An additional locational advantage is the connection to the Koralmbahn. From Wolfsberg, Klagenfurt can be reached by regional train and then the Koralmbahn in around 40 minutes, and Graz in approximately 56 minutes. The location therefore offers not only good accessibility within the region, but also an attractive connection between Carinthia and Styria.

Conclusion

Whether as a classic investment, for owner-occupation, to combine living and working or as a combination of own use and rental – this rental apartment building offers a wide range of possibilities and therefore represents an interesting opportunity for investors, entrepreneurs and owner-occupiers.

Do you need support with financing the property? We cooperate with selected, independent financing providers and would be happy to put you in contact with them so that you can quickly, easily and without obligation receive financing proposals.

We are available at any time for further information and viewings. We ask for your understanding that we conduct viewings only upon receipt of your complete contact details, as we are obliged to provide proof to the seller.

The information contained in this exposé, particularly regarding floor areas, floor plans and plot size, is based exclusively on documents and information provided by the seller or third parties – errors excepted. The broker has not independently verified or remeasured the information.

The stated usable and plot areas are therefore to be understood as non-binding guideline values. It is expressly pointed out that the floor plans shown may not be to scale, may deviate from the actual conditions and dimensions on site, and that the actual building stock may deviate from the building-approved condition with regard to extent and size. According to information from the municipality of Frantschach-St. Gertraud, there is no building file or documentation available.

To the extent legally permissible, the broker excludes liability for the accuracy, completeness and currentness of this information.

The actual permissibility of future uses must be assessed on the basis of the applicable building and trade-law provisions and in consultation with the competent authority.

Ancillary costs of the purchase agreement:

• 3.5 % real estate transfer tax
• 1.1 % land register registration fee
• Preparation of the purchase agreement and escrow arrangement according to the tariff schedule of the agreement drafter
• Commission 3 % of the purchase price plus VAT.

This offer is non-binding, subject to change, and subject to prior sale.

The intermediary acts as a dual broker.