Attractive residential and commercial building with single-family house in prime downtown location of Lienz

Attractive residential and commercial building with development potential in the heart of Lienz

For sale is an extraordinary property consisting of a residential and commercial building as well as a directly attached single-family house in a central inner-city location of Lienz.

The object, built in 1969/1970, convinces with its solid reinforced concrete skeleton construction, a sustainable rental structure and diverse usage possibilities. The load-bearing construction allows high flexibility for future adaptations or changes to floor plans, as the predominant interior area was executed free of load-bearing walls.

The property at a glance

Commercial building

The commercial building includes:

• 3 commercial premises on the ground floor
• 14 residential units on the upper floors
• generous basement areas with storage and technical rooms
• former pharmacy with developed basement area
• central laundry room
• bicycle storage rooms
• three garages
• several parking spaces in the courtyard

In addition, public parking spaces of the city of Lienz are located immediately to the north.

Heating is provided by the environmentally friendly Fernwärme Lienz, electricity supply by TIWAG.

Private house

Directly attached to the commercial building is a spacious residential house with approx.

• 94 m² living space on the ground floor
• 93 m² on the upper floor
• convertible attic
• approx. 225 m² garden
• approx. 130 m² courtyard
• 3 garages

All building services for both buildings are located in the basement of the residential house.

Rental

The object has an excellent mix of residential and commercial tenants.

Currently there are:

• 2 rented commercial premises
• 1 vacant commercial premise (former pharmacy)
• numerous rented apartments and studio flats

whereby by re-renting / newly renting the currently vacant commercial premises there is additional income potential.

Construction and condition

The building was constructed extremely solidly in reinforced concrete construction.

Particularly noteworthy are:

• load-bearing reinforced concrete column construction
• flexible floor plan design
• dry basement
• no mold or moisture problems according to the description
• plastic windows (approx. 2008/2009 renewed)
• roof covering renewed 2012
• roof structure reinforced according to the report
• district heating connection
• solid building fabric with good lasting value.

Area overview

Commercial building

• Basement: approx. 235 m²
• Ground floor: approx. 289 m²
• Upper floor 1: approx. 270 m²
• Upper floor 2: approx. 264 m²

Total usable area commercial building:

approx. 1.058 m²

Residential house

• Basement: approx. 75 m²
• Ground floor: approx. 94 m²
• Upper floor: approx. 93 m²
• convertible attic

plus

• Garden approx. 225 m²
• Courtyard approx. 130 m²
• 3 garages.

Highlights

• ✔ central inner-city location Lienz
• ✔ long-term rented residential and commercial units
• ✔ attractive sector mix
• ✔ stable rental income
• ✔ expansion and value enhancement potential
• ✔ former commercial premises immediately re-rentable
• ✔ massive reinforced concrete construction
• ✔ district heating
• ✔ roof renewed 2012
• ✔ plastic windows
• ✔ great development potential for investors

This extraordinary property combines ongoing rental income, an excellent inner-city location and considerable development potential. Through the combination of residential and commercial use, an additional residential house and the flexible building structure, the object is suitable both for long-term oriented capital investors and for investors focused on optimization and value enhancement.

The current rental income forms a solid basis, while the re-renting of the vacant commercial space and possible modernization measures open up further income potential. This property thus offers a rare opportunity to acquire a sustainably valuable investment in one of the most attractive locations in East Tyrol.

The broker acts as a dual agent.