Income property with development potential at the market square

In the center of Heiligenkreuz am Waasen stands this rental building with great potential.

The rental building is located in a prime location directly on the market square. Although it needs renovation, it could easily be rented out due to high demand. Currently, 2 of the four apartments and the café are rented out on a fixed-term basis.

Renovating the building would be an interesting investment. Due to the high building density of 0,5 to 1,5 it would be possible to add another floor and thus create up to 20 apartments.

The location offers many amenities, as all important facilities are reachable on foot within 2-3 minutes. Nearby there are supermarkets, a medical center, an elementary school and a new secondary school, a pharmacy, a tobacco shop, a gas station as well as a bus stop right in front of the door. In addition, the sports field, the church, several inns, a bank, the police and much more are within the same walking distance.

Heiligenkreuz am Waasen is a strongly growing municipality in the northernmost part of the Leibnitz district with about 2850 inhabitants. The state capital Graz can be reached in just 20 minutes by bus, which runs every 30 minutes.

ARE YOU CONSIDERING SELLING YOUR PROPERTY? We do that every day! Free and non-binding market value assessment! Call now: Mr. Christian Stermschegg, MBA - Tel. 0676/52 16 150 Visit us in the Shopping Center WEST Graz Webling!

Additional costs when purchasing real estate in Austria

• Real estate transfer tax (3,5 % of the consideration = usually of the purchase price)
• Land register entry fee for the registration of the ownership right (1,1 % of the purchase price)*
• Contract drafting costs (according to agreement with the lawyer or notary, depending on complexity and liability risk)
• Costs for the notarial certification of the purchase contract and, if applicable, the mortgage deed
• Application fees for the land register application and, if applicable, at the land transaction authority etc.
• if applicable, land register fee for the registration of the lien (1,2 % of the lien amount)*
• if applicable, loan contract fees according to the loan contract with the financing bank
• Brokerage commission: 3 % of the purchase price plus 20 % VAT.

*On 20.3.2024, a temporary exemption from the registration fee for the ownership right and for the lien was decided for residential properties. The prerequisites for this arise from the future §§ 25a to 25c GGG (Court Fee Act).

The agent acts as a dual broker.