Commercial unit in Klagenfurt city center

The Property – P8 Klagenfurt Living

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

Due to the rebuilding with funds from the Residential Building 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 governed by the applicable tenancy-law provisions and is not freely negotiable. The appropriateness of the agreed main rent may be reviewed in accordance with the statutory provisions. In particular, comparable properties with regard to location, size, furnishings, state of preservation and condition are relevant. In the case of fixed-term tenancy agreements, the statutory fixed-term reduction currently amounting to 25% must also be taken into account.

Short-term rental 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 Separate Ownership & Condominium Ownership

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

After completion, buyers acquire a clearly defined, separately owned unit with the corresponding shares in the property. Completion of the subdivision into separate ownership 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 completion of the subdivision into separate ownership, 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 into separate ownership, an adjustment to the operating-cost structure is to be expected, in particular due to:

• the establishment of a statutory reserve fund
• possible additions to services (e.g. cleaning, administration)
• resolutions adopted within the framework of 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 completion of the subdivision into separate ownership. The statutory minimum reserve fund currently amounts to € 1.12 per m² per month.

Note on the Purchase Process:

The legal processing of all purchase agreements is carried out through the notarial 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 drafting the agreement and registration in the land register.
• In the case of external financing, an additional EUR 400.00plus VAT and cash expenses is charged for the escrow processing with the financing bank, including registration of the lien in the land register.

These terms are a binding part of the purchase process.

This spacious commercial unit offers, with a total area of approximately 321 m², plenty of room for a wide variety 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 approximately 200 m², which, thanks to its open design, can be used particularly flexibly and adapted to different business concepts. The spacious area is ideally suited, for example, as a main working area, reception or customer area, exhibition area, studio, as well as for open-plan office or practice concepts.

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

The bathroom and the WC are currently used jointly with another commercial unit.

From the main room, an internal staircase leads directly to the basement, which adds further spacious usable areas to the commercial unit. It provides a large room of approximately 90 m², two further rooms of approximately 12.8 m² and approximately 9 m², as well as a technical room of approximately 4.9 m².

The additional basement areas are ideally suited 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.

Haven’t found anything yet? We will inform you about suitable property offers before anyone else.
Set up your individual property search agent now using the following link. We will send you suitable properties exclusively in advance.
Set up search agent - https://full-house.service.immo/registrieren/de

We hereby point out that a family or economic relationship exists between the broker and the third party to be brokered.

The broker acts as a dual agent.

🔑 Would you like to sell a property? - You are in the right place with us. 🔑
+43 676 4217090

Your Full House Immobilien team
Your trusted real estate agents