5/8 Share City Villa Leoben, 72m²

For sale is a majority stake (5/8) together with a use regulation for a renovation-needy apartment on the first floor of a charming city villa at Badgasse 11. The net living area is approximately 72,0 m² and is distributed over a large living kitchen, two bedrooms and ancillary rooms. High ceiling heights of approximately 3,1 m to 3,2 m emphasize the typical old-building character and offer substantial potential for an attractive renovation. The apartment is in a simple, clearly modernization-needing condition and is therefore ideal for buyers who want to design their new home according to their own ideas or who want to use the renovated apartment as an investment property. Because of its location on the first floor, the unit is easily accessible, while you benefit from a comfortable distance from the street.

The apartment Top 2 has the following room layout and areas:

• A generous kitchen with living area with approximately 23,6 m², which is ideally suited as a central living and communication area.
• A large bedroom with approximately 19,8 m², which can be used as a master bedroom with enough space for wardrobe solutions and storage.
• Another bedroom with approximately 12,8 m², ideal as a children's room, guest room, or home office.
• A bathroom with approximately 3,9 m².
• A separate WC with approximately 1,1 m².
• Two hallways/vestibules with a total of around 5,9 m², providing access to the rooms.
• A practical storage/lager room with approximately 5,1 m², offering additional storage space within the apartment.

In total, the net living area is approximately 72,0 m². The layout is functional and allows for various usage concepts, for example as a spacious 3-room apartment with a large living area and two separately accessible bedrooms. On the property there is also a carport and a courtyard building which is currently unused. There is also an assigned basement storage unit.

The apartment shows the typical character of an older stock property and is in need of renovation. The extent and type of modernization depend on the buyer’s preferences, but one can expect adaptations in the following areas:

• Renewal of surfaces such as floors, wall and ceiling areas.
• Modernization of sanitary areas (bath and WC).
• Adaptation of the electrical installation to current standards.
• Depending on the condition and technical equipment possible renewal of the heating system or adjustment to individual needs.

Concrete information on the existing heating type, the energy certificate and the detailed technical condition are not currently available and must be clarified by the buyer during the viewing and further checks. The high ceilings allow various design options, such as the installation of ceiling spots, stucco elements or suspended ceilings with modern lighting.

Legally, the property is not condominium ownership, but simple co-ownership with a use regulation. For the property there is a majority co-ownership position of 5/8 in the total property.

• According to the use regulation, the apartment on the first floor (Top 2) is exclusively intended for use by the buyer. This assigns the actual use clearly, even though there is no condominium ownership in the land register sense.
• With the purchase of the majority share, the rental income from Top 1 (ground-floor apartment) amounts to 5/8.
• The rented apartment Top 1 has been rented on an indefinite basis since 1978. The rental income for the entire property currently amounts to net around € 2.511,60 per year, of which about € 1.569,75 net per year is attributable to the 5/8 co-ownership share.
• Details on rent levels, operating costs and other conditions will be provided on request or in the framework of the purchase contract preparation.
• Any operating costs, reserves or other ongoing costs for the property require agreement with the other co-owners and depend on the respective co-ownership share and the agreements reached.

This property offers the rare combination of a characterful, renovation-needy old-building apartment in a central Leoben location and a majority share in the total property including ongoing rental income from another unit. The apartment on the first floor, with its approx. 72,0 m² and high ceilings, provides an ideal basis to realize an individual living concept. At the same time, the current rental income of around € 1.569,75 net per year from the 5/8 share of Top 1 contributes to a steady income base, albeit due to the long-standing open-ended tenancy since 1978 a classic old stock with accordingly moderate rent.

The property is suitable for both owner-occupiers who appreciate the charm of an old town villa and are willing to invest in a comprehensive renovation, as well as for investors seeking a combination of majority share, rental income and development potential. Further details on the technical condition, legal arrangements and existing tenancy will be explained during a personal viewing and by reviewing the documents (use agreement, land register, contracts).

Key data and highlights:

• Address: Badgasse 11 Top 2, 8700 Leoben
• Property type: old building apartment in a city villa
• Location: first floor
• Living area: approx. 72,0 m² (net living area, excluding stairwells, balconies or terraces)
• Rooms: 3 (large living kitchen + 2 bedrooms)
• Ancillary spaces: bathroom, separate WC, 2 hallways, storage
• Ceiling height: approx. 3,1 m to 3,2 m, typical old building character
• Condition: renovation-needed, extensive modernization required
• Legal form: simple co-ownership with use regulation
• Usage right: exclusive use of the apartment on the 1st floor by the buyer
• Co-ownership share: majority ownership with 5/8 share in the total property
• Rental income total: approx. € 2.511,60 net per year from renting Top 1
• Rental income share 5/8: approx. € 1.569,75 net per year
• Existing tenant situation Top 1: since 1978 rented on a permanent basis (old stock)
• Usage potential: owner-occupation after renovation or future rental of the renovated apartment (subject to the legal framework)
• Special features: old-city villa, high ceilings, central location in Leoben

Have we sparked your interest in this special property? Then arrange a non-binding viewing on site and meet Mr. Weikl at your convenience at 0660/47 40 573 for more information!

Note according to Energy Certificate Vorlagegesetz: An energy certificate has not yet been presented by the owner or seller after our explanation of the generally applicable presentation obligation, as well as request for its creation. Therefore, at least a total energy efficiency corresponding to the age and the type of building is considered agreed. We make no warranty or liability for the actual energy efficiency of the offered property.

We point out that there is a family or economic close relationship between the broker and the third party involved.

The broker acts as a dual agent.

Infrastructure / Distances

Health

• Doctor <150m
• Pharmacy <175m
• Hospital <675m

Children & Schools

• School <400m
• Kindergarten <250m
• University <450m
• Higher education <575m

Nearby

• Supermarket <375m
• Bakery <375m
• Shopping center <550m

Other

• Bank <325m
• ATM <325m
• Post <425m
• Police <450m

Traffic

• Bus <125m
• Motorway access <2.475m
• Train station <1.050m
• Airport <9.725m

Distance as the crow flies / Source: OpenStreetMap