Apartment Block with Expansion Potential

Tourism investment or apartment block with enormous expansion potential!

In the southeastern Styrian thermal and villa region, embedded in a developed village landscape and only a few minutes from the historic Burgau Castle, this extensively renovated residential building with 13 units is for sale. The property combines historical substance, modern technical equipment, and an exceptionally generous plot size with significant expansion potential.

For investors, an attractive package opens up

• stable rental income from existing rental rates,
• immediately realizable potential for rent increases,
• flexible usage options (classic rentals, short-term rentals, assisted living),
• and an extraordinarily large reserve area for future construction expansions of up to approximately 500 m².

Such parameters are extremely rare in the regional market and make the property a highly interesting component of a real estate portfolio.

The residential building

The residential building presents itself in a well-maintained L-shape, which allows for an attractive courtyard situation with green recreational space and generous parking options. The existing apartments have been extensively renovated in recent years and equipped with modern kitchens and sanitary areas.

Special features of the property

• solid construction and well-maintained condition
• renewed building technology and individual meter situation (electricity, water, heating)
• modern apartment sizes between 36 m² and 74 m²
• contemporary equipment including fiber optic
• generous garden and quiet courtyard
• two contiguous plots with a classic combination of residential building area and its own parking area
• The property conveys a homogeneous, well-maintained overall impression, making rental straightforward.

The details

• Residential units: 13
• Apartment sizes: 36.31 m² – 74.42 m²
• Total usable area: 733.91 m²
• Heating: oil central heating, tank underground in the garden, boiler room in the building
• Internet fiber optic connection (A1 Telekom)
• Television cable or satellite reception
• Garden use: communal possible

Parking spaces

• 10 parking spaces in the yard
• additional 30 parking spaces on the adjacent property (GSt. 4/1)

Property data

• Main property including garden: 3,396 m²
• Additional parking area: 1,129 m²
• Total property size: 4,525 m²
• Extension potential: around 500 m² additional usable area possible
• → conceivable expansion to a total of approximately 1,233.91 m² usable area

The adjacent property provides ample room for future construction measures - whether it is an extension, an ancillary building, or an addition to an assisted living concept.

The demand for renovated living space in the area is consistently high. The property currently has three vacant apartments that can be rented out immediately. The remaining units are predominantly rented with fixed-term leases - an advantage for future rent adjustments.

The detailed rent list will be sent upon request.

Annual rent increase potential: present, as the reference value has not yet been exhausted

Additional value creation: through approximately 500 m² of potential expansion area

The combination of immediate cash flows, realistic optimization potential, and construction reserve area offers exceptionally good prospects for value appreciation.

The apartment block represents a versatile, long-term attractive investment object. The solid existing structure, stable rental demand, well-maintained condition of the apartments, and significant expansion potential make this property a rare opportunity in the regional market.

The property is suitable for both classic buy-and-hold strategies as well as for investors who want to actively develop and gradually increase the value of the property.

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

The broker acts as a dual broker.

Burgau presents itself as a charming, well-developed place on the border between southeastern Styria and Burgenland. The region has been benefiting for years from tourist impulses from the thermal region, high quality of life, and continuous demand for living space.

Location advantages at a glance

• Central location near the historic Burgau Castle
• Swimming lake Burgau is "across the street"
• Modern sports facilities within walking distance
• Excellent accessibility via the A2 and B319
• Proximity to Fürstenfeld, Bad Blumau, Stegersbach, and Loipersdorf
• Quiet residential location with rural quality of life
• Stable rental demand from regional companies, tourism, and commuters

This property is located in a pleasant side street – quiet, sunny, with views of green spaces – yet only a short walk from the town center. Enjoy the best of both worlds: the tranquility of a rural environment and proximity to all the amenities that Burgau has to offer.