Historic tenement house with development potential, courtyard and generous roof terraces in central Linz location

For sale is a well-maintained residential and commercial building in Linz. The traditional property, which formerly housed the inn “Zum Waldhorn”, combines historic character with attractive development and income potential.

The tenement house is presented in a very well-kept and good overall condition. It consists of a basemented main building with four full floors and a partially developed attic as well as two courtyard buildings. The conversion and the vertical extension of the originally two-storey house were carried out on the basis of a permit from 1996 and were completed in the early 2000s.

The total usable floor area is approximately 835,10 m². The room program comprises a total of eleven residential units as well as one office and commercial unit. The rented units already generate ongoing income. The currently vacant office and commercial space as well as the attic still to be completed offer additional income and value appreciation potential.

On the ground floor there is a street-facing office and commercial space of approximately 145,92 m². This unit is currently vacant and is being offered for rent. On the opposite side of the ground floor and on the three upper floors there are a total of nine rental apartments. Two of them are located on the first upper floor and have their own terrace areas above the courtyard buildings.

The partially developed attic offers special potential. After carrying out the still required finishing work, a spacious apartment with approximately 156,42 m² of usable living space can be created here. The apartment includes a balcony of approximately 6,30 m².

In addition, there is the possibility of converting the east-facing attic room of the courtyard wing and thus creating additional usable space. The type and extent of a possible conversion as well as the necessary structural and regulatory requirements must be examined as part of further planning.

An appraisal for parification has already been prepared. The parification itself has not yet been carried out. This gives future owners the opportunity to examine the establishment of condominium ownership or a later individual sale of the units.

Attractive features include a passenger lift, a large and sunny communal roof terrace above the courtyard wing, a well-kept courtyard, a generous bicycle storage room and a separate garbage room. Cellar compartments are available for the residential units in the basemented main building.

The heating is provided by district heating and enables a comfortable and comparatively economical heat supply.

The current annual rental income amounts to approximately € 54.000,00. This does not include potential income from the currently vacant office and commercial space or from the partially developed attic. Corresponding income growth potential exists through the rental or completion of these areas.

We will be happy to provide further documents and information upon request. Personal viewings are available by appointment.

If you are interested, please send us a fully completed enquiry with first and last name, address, e-mail address and telephone number. The transmission of further information and documents is free of charge and non-binding. Changes to the offer and an interim sale remain reserved. In the event of a successful brokerage, the statutory provisions and the commission conditions stated in the property offer shall apply.

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

The broker acts as a dual agent.