Residential and commercial building with garages and outbuildings with over 1,000 m² of usable space

For sale is a well-maintained residential and commercial building on the Main Street in Zeltweg, near the train station and the Steirerschlössl. The main building comprises a basement, ground floor, first floor, and an attic. In addition, the property includes a garage building with two single garages, as well as an outbuilding including three garages and a carport. At the rear of the property is a small garden shed.

The basement of the main building features a total of 7 basement compartments for the tenants of the house. In addition, there are 2 general basements and a storage room, which are used by the current owners. The former laundry room, as well as the heating and technical room, are also located in the basement. No plans exist for the basement, but the area amounts to about 184 m². On the ground floor you will find commercial spaces with about 182 m²: besides the large sales area, there is also a toilet, antechamber and kitchen. Moreover, apartment 3 can also be accessed from the commercial areas. Ideal for those interested in combining living and working in this property. On the 1st floor and the attic there are five apartments, of which three are let due to indefinite tenancies. The apartments ranging in size from 33 to 120 m² are in good condition, as you can see during a viewing. We would be happy to provide the tenancy agreements for review upon concrete interest. Viewings of the vacant apartments, as well as the ground floor and the extension, are possible at any time by appointment.

On the street side, a garage building was erected with 2 single garages. The extension consists of ground and upper floor. The ground floor has a carport, three garages, as well as a storage room and the main room currently used as a workshop. By stairs you reach the upper floor, which again consists of a large main room. At the rear of the upper floor there are two additional storage rooms after a small hallway. The ground floor of the extension is supplied by the central heating of the main building. At the rear of the property there is a large garden with a wooden garden shed. Here a construction of prefabricated garages or carports could be considered. Following a rough concept, there could be space for about 13 - 14 prefabricated garages in an L-shape; actual feasibility must be coordinated with the municipality in advance (setback regulations to the rail, boundary distances, etc.).

The apartments have been rented by the current owners on a flat rate including operating and heating costs. The ground floor also currently yields rent income, but this will be cleared and set back in the sale by agreement. One of the five garages is also rented. The annual net main rents currently (including the ground-floor shop) amount to ca. 22.651,13 €. Because there are still spaces available, a substantial increase in potential main rent income is expected. The shop was rented at favorable special conditions due to ownership use. Two apartments are vacant from which rental income can be generated. There are still 4 garages and a carport available for rent, and the outbuilding can also be rented as storage or a small workshop. Moreover, construction of prefabricated garages for rent would be possible in the rear area of the property. Because of the proximity to the Red Bull Ring, the vacant apartments could also be converted into apartments to operate room rental.

The condition of the property itself is good. About 4 years ago district heating was introduced into the house; the old gas line still exists in the basement and old oil tanks are also present to theoretically convert at any time and create some independence. The small apartments (per floor plan marked red) are electrically heated. The roof of the main building and the roof truss were renewed about 15 years ago. The windows are about 25 years old. Otherwise the property has been maintained. To achieve higher rental yields from the vacant apartments, minor cosmetic adaptations would be advisable. The drive and maneuvering areas are all paved. In addition to the covered parking spaces there is plenty of space for free parking for tenants, staff or customers.

This property gives the future buyer plenty of space for various uses and ideas. Because of the connection of the commercial spaces and the apartment, living and working for owner-occupiers can be optimally combined. But investors and developers are also welcome: the vacant spaces offer substantial potential to increase the yield, through the designation in the core area (0,5 - 2,5) in connection with the large plot area of 1.888 m² would allow additions, extensions or even upward construction after consultation with the building authority.

Key data:

• Sole ownership
• ca. 22.650 € rent income despite a high vacancy rate
• significant potential in the main building, garages and open space in the backyard
• outbuilding optimally usable as workshop or storage
• central location in Zeltweg
• near the Red Bull Ring
• ca. 1.005 m² usable space distributed over three building sections
• approximately 1.888 m² plot size
• designation: Core zone 0,5 - 2,5
• Purchase price: 520.000,00 €

Would you like to invest your money securely? Then please contact Mr. Tobias Weikl directly at 0660/47 40 573 or [email protected] for further information. We are happy to arrange the property management so that you have no administrative burden around the tenancy.

The broker acts as a dual agent.

Infrastructure / Distances

• Health
  • Doctor <500m
  • Pharmacy <1.000m
  • Hospital <1.000m
• Kinder & Schulen
  • School <500m
  • Kindergarten <500m
• Nearby amenities
  • Supermarket <500m
  • Bakery <500m
  • Shopping center <500m
• Other
  • Bank <500m
  • ATM <500m
  • Post Office <500m
  • Police <4.500m
• Transport
  • Bus <500m
  • Highway access <2.500m
  • Train station <500m
  • Airport <1.500m

Distances are distances as the crow flies / Source: OpenStreetMap