Investment building with 12 units | Rare income property, Building class III, offers possible until 28.09.

Rare development and value appreciation opportunity in Melk

Apartment building with 1,335 m² plot, development potential and possible vacancy of the existing property

In an attractive, elevated location with a view of the town and Melk Abbey, a residential complex with a total of 12 residential units on a plot of approximately 1,335 m² is being offered for sale.

Attention: Offers can only be submitted until 28.09. A specific purchase offer has already been submitted to the owner.

This property offers investors several value drivers:

• Generous plot in a residential building zone
• Building density 60
• Building class III
• Some of the existing property is already vacant; depending on the purchase price, the property may be handed over vacant
• Development potential through the unfinished attic and building class III
• Possibility of restructuring the apartment sizes
• Long-term increase in value through refurbishment and optimisation

The residential complex was built around 1951 and currently comprises approximately 546 m² of usable floor space across two stairwells and three levels.

Currently, 5 of the 12 residential units are rented. The relocation of the existing tenants to other properties of the owner company is generally intended, meaning that, depending on the purchase price and agreement, the property may be largely or completely vacated.

Particular investor potential

The property is in need of refurbishment and therefore offers considerable value creation opportunities:

• Increase through new lettings or adaptation of the existing 12 units
• Reorganisation and optimisation of the floor plans
• Expansion reserves in the attic
• Potential creation of additional residential space (subject to official approvals)
• Attractive exit strategies through individual sale or long-term holding (buy and hold)
• Establishment of condominium ownership recommended
• Short-term letting could be considered

The recently surveyed plot area of approximately 1,335 m² creates additional development potential and offers investors a rare combination of existing property, land reserves and an opportunity for enhancement. The plot will be transferred to the boundary cadastre.

Location Melk

Melk is one of the economically strongest district towns in Lower Austria and benefits from its excellent infrastructure, Westbahn railway connection, proximity to the A1 and its high tourist importance as the Wachau UNESCO region.

Sustainable demand for housing makes the location particularly interesting both for conventional letting models and for modern residential concepts. Other uses are also generally conceivable!

Investment conclusion

Properties with this plot size, development perspective and possible vacancy of the existing property only rarely come onto the market in Melk.

This offers investors the opportunity to realise considerable value appreciation potential through refurbishment, new lettings and strategic further development, particularly due to the formerly lower rents used for the property valuation.

HWB 213 | fGEE 427 | EEB 473,2

Please understand that, due to our obligation to provide proof to the owner, we can only process enquiries containing a complete address and telephone number.

Do you also own a property and are considering selling or letting it? Or do you have questions about real estate?

Contact us by telephone at +43 664 225 225 2 or by email at [email protected] and secure a free, non-binding initial consultation.

We would like to point out that there is a family or economic relationship between the agent and the third party to be brokered.

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Infrastructure / Distances

• Healthcare
  • Doctor <500m
  • Pharmacy <1.000m
  • Hospital <1.500m
• Children & schools
  • School <500m
  • Kindergarten <500m
• Local amenities
  • Supermarket <500m
  • Bakery <1.000m
  • Shopping centre <1.000m
• Other
  • Bank <500m
  • ATM <500m
  • Post office <2.000m
  • Police <2.000m
• Transport
  • Bus <500m
  • Motorway access <2.000m
  • Train station <500m

Distance information in a straight line / source: OpenStreetMap