Commercial unit in Klagenfurt city centre

The property – P8 Klagenfurt Living

The property P8 Klagenfurt Living was rebuilt after the destruction of the Second World War using funds from the Housing Reconstruction Fund and completed in 1957. The building comprises several residential units with versatile uses and is suitable both for owner-occupation as a city apartment and as an investment property for short-term letting.

Due to the rebuilding with funds from the Housing Reconstruction Fund, the building is subject to the full application of the Tenancy Act (MRG). The provisions of the MRG therefore apply to tenancy agreements. The appropriate main rent pursuant to Section 16 MRG applies.

The permissible main rent is determined by the tenancy-law provisions applicable from time to time and is not freely negotiable. The appropriateness of the agreed main rent may be reviewed in accordance with the statutory provisions. The decisive factors include, in particular, comparable properties in terms of location, size, furnishings, condition and characteristics. In the case of fixed-term tenancy agreements, the statutory fixed-term reduction of currently 25% must also be taken into account.

Short-term letting is permitted in accordance with the condominium agreement.

The property is currently designated as building land – business area.

The building has no lift.

Subdivision into condominium ownership & condominium ownership

The entire property is currently undergoing subdivision. In this process, all units are being transferred into legally independent condominium ownership.

Once completed, buyers acquire a clearly defined, subdivided unit with the corresponding shares in the property. Completion of the subdivision is expected by the end of 2026 or the beginning of 2027.

Reserve funds

There are currently no reserve funds within the meaning of the Condominium Ownership Act (WEG), as these can only be established after condominium ownership has been created.

All costs incurred to date for maintenance, repairs and improvements have so far been borne by the sole owner.

After the subdivision has been completed, reserve funds will be established in accordance with the statutory provisions.

Operating costs

The current operating costs amount to approximately € 1.86 per m² net per month, plus 10% VAT.

The heating costs are currently approximately € 0.51 per m² net per month, plus 20% VAT, and are charged separately as part of the district heating supply.

As part of the subdivision, an adjustment to the operating-cost structure is to be expected, in particular through:

• the establishment of a statutory reserve fund
• possible additions to services (e.g. cleaning, administration)
• resolutions passed at the first condominium owners’ meeting

No reserve fund is currently being charged; it is therefore not included in the currently stated operating costs or monthly costs. The statutory reserve fund will only be established after condominium ownership has been created or after the subdivision has been completed. The statutory minimum reserve fund is currently € 1.12 per m² per month.

Note regarding the purchase process:

The legal processing of all purchase agreements is handled by the notary’s office Notariat Oberwandling, Widmanngasse 43, 9500 Villach.

Upon signing a purchase offer, the following terms are deemed agreed:

• 1.5% of the purchase price, but at least EUR 1,500.00, in each case plus VAT and cash expenses for preparation of the agreement and registration in the land register.
• In the case of external financing, an additional EUR 400.00plus VAT and cash expenses will be charged for fiduciary processing with the financing bank, including registration of the lien in the land register.

These terms are a binding part of the purchase process.

With a total area of approx. 321 m², this spacious commercial unit offers plenty of room for a wide range of commercial uses. Whether as a practice, office, studio, showroom, self-storage facility or combined business location – the unit impresses with its spacious layout, several separate areas and the practical division between the ground floor and basement.

The ground floor contains the central main room of approx. 200 m², which, thanks to its open design, can be used particularly flexibly and adapted to different business concepts. The generous area is ideally suited, for example, as a main working area, reception or customer area, exhibition area, studio or for open-plan office or practice concepts.

The ground floor is complemented by a bathroom of approx. 4.2 m², a WC of approx. 1.6 m² and a storage room of approx. 1.4 m².

The bathroom and WC are currently shared with another commercial unit.

From the main room, an internal staircase leads directly to the basement, which provides the commercial unit with additional generous usable areas. There is a large room of approx. 90 m², two further rooms of approx. 12.8 m² and approx. 9 m², as well as a utility room of approx. 4.9 m².

The additional basement areas are ideal for use as storage, archive, self-storage, internal work areas, meeting rooms or other ancillary business areas. The combination of a spacious main area and separate ancillary rooms provides the premises with considerable flexibility and makes it suitable both for traditional commercial businesses and for modern, combined-use concepts.

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We point out that a family or economic relationship exists between the broker and the third party to whom the property is being brokered.

The broker is acting as a dual agent.

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