Investment Property with Expansion Potential in Burgau

Tourism investment or income property with enormous expansion potential! In the southeast Styrian thermal spa and villa region, embedded in a grown townscape and only a few minutes from the historic Burgau Castle, this comprehensively renovated residential building with 13 units is for sale. The property combines historic substance, modern technical equipment and a particularly generous plot area with a marked expansion potential. For investors, this presents an attractive package consisting of:

• stable rental income through existing occupancy,
• immediately realizable rent increase potential,
• flexible uses (classic renting, short-term rental, assisted living),
• and an exceptionally large reserve area for future structural expansions of up to about 500m².

Such parameters are exceptionally rare in the regional market and make the investment a economically highly interesting component of a real estate portfolio. The residential complex The residential building presents itself in a well-kept L-shape, which enables an attractive courtyard setting with green recreational space and generous parking possibilities. The existing apartments were extensively renovated in recent years and equipped with modern kitchens and sanitary facilities. Special features of the property:

• solid construction and well-kept condition
• renewed building technology and metering (electricity, water, heating)
• modern apartment sizes between 36 m² and 74 m²
• contemporary equipment including fiber optic
• generous garden and quiet courtyard
• two contiguous plots with a classic combination of residential building space and own parking area

The property conveys a homogeneous, well-kept overall impression, making tenancy straightforward. The details:

• Living units: 13
• Apartment sizes: 36,31 m² – 74,42 m²
• Total usable area: 733,91 m²
• Heating: oil central heating, tank underground in the garden, heating room in the building
• Internet fiber optic connection (A1 Telekom)
• Television cable or SAT reception
• Garden use: communal
• Parking spaces:
  • 10 parking spaces in the courtyard
  • additional 30 parking spaces on the adjacent property (GSt. 4/1)

Property data:

• Main property incl. garden: 3.396 m²
• Additional parking area: 1.129 m²
• Total property size: 4.525 m²
• Expansion potential: around 500 m² additional usable space possible
• → conceivable expansion to total ca. 1.233,91 m² usable space

Through the adjacent property there is a large latitude for future construction measures – whether an attic extension, an outbuilding or an addition to a supervised living concept. The demand for renovated housing in the town is consistently high. The property currently has three vacant apartments that can be immediately re-let. The remaining units are predominantly leased on a fixed-term basis – an advantage for future rent adjustments. The detailed interest list will be sent on request. Annual rent increase potential: present, as the guideline value has not yet been exhausted Additional value creation: through about 500 m² possible expansion space The combination of immediate cash flows, realistic optimization potential as well as the construction reserve space offers exceptionally good prospects for value appreciation. The investment property represents a versatile, long-term attractive investment object. The solid existing structure, the stable tenant demand, the well-kept condition of the apartments and the large expansion potential make this property a rare opportunity in the regional market. The property is suitable for both classic Buy and Hold strategies as well as investors who actively develop and gradually increase the value of the property. We point out that between the broker and the third party to be brokered there exists a familial or economic close relationship. The broker acts as a dual agent. Infrastructure / Distances Health Doctor <500m Pharmacy <5.500m Children & Schools School <500m Kindergarten <500m Supplies Supermarket <1.000m Shopping center <5.000m Bakery <500m Other Bank <500m ATM <500m Post office <500m Police <5.000m Traffic Bus <500m Motorway access <8.500m Train station <4.500m Airport <9.500m Distance as the crow flies / Source: OpenStreetMap