Legally binding building permit Unique residential project in top location in the popular Graz district Geidorf near the universities and the city center

This unique, legally binding approved project is located in Graz's best location in the popular Geidorf district, in close proximity to Geidorfplatz and Stadtpark as well as near the universities. The project comprises two existing rental buildings, which are connected by an architecturally very appealing infill closure. Thus the beautiful old rental houses are connected with the modern architecture of the new era. Through the possibility of expanding the properties by an infill closure and the expansion of the roof and garden floors, an increase of the usable area from approx. 1.687 m² to approx. 3.030 m² is possible and the properties thus have a considerable value appreciation potential. The project is planned with 43 residential units with sizes between approx. 38 m² - 114 m², and the units have outdoor spaces in the form of roof terraces, gardens, terraces, balconies and loggias. The project is particularly attractive due to the central inner-city location and the immediate proximity to Graz's universities and the resulting excellent rental viability of the properties. The property currently consists of a 3-storey corner tenement house with 6 units between 110 m² and 141 m², as well as a roughly 62 m² large storage/office space in the basement and a 4-storey, renovated historicist tenement house with 8 units between 63 m² and 127 m². All 14 units have quiet, courtyard-facing balconies, which invite relaxation outdoors with a view of greenery. With the exception of 7 units, the property has been kept vacant. The current net rent amounts to approx. € 70.142,- p.a. (corresponding to approx. € 5.845,- p.m.). Lovers of the classical old buildings will be impressed by the numerous authentic classical features and the unadulterated character.