Large business property ideal for Investment income

A large business property, in need of updating, with several possible uses and ideal as investment for income. And with the ‘Location, Location, Location’ factor.

There are also possibilities of local government grants.

The large business property is near to the famous Spielberg Red Bull race track, which attracts many visitors from all over Europe.They of course need overnight accommodation if visiting for car races.

It also can be managed for overnight rentals if required by a new owner.

It is divided into 2 connected buildings and has been used in the past as letting rooms and bar/club.

It lends itself to re-development as overnight accommodation, restaurant & bar.

Ideal as it is near to the Red Bull race track. Parts of the building have been renovated but other parts now need upgrading.

The first part of the building was renovated in 2018 and offers 5 vacation rooms on the upper floor plus a large room with sanitary facilities on the ground floor. The second part is to be completely renovated (usable area approx. 300 m²).

*Room layout:* 1st part of the building: The upper floor with approx. 100m² offers 5 identical bedrooms with 2 single beds, a washbasin, shower + TV set.

The interior furniture of the rooms are included in the sale.

Furthermore, the upper floor is divided into a hallway from which all rooms can be accessed separately, a toilet, a checkroom area and a spacious communal kitchen with a cozy dining area.

On the first floor there is a former bar, WC facilities and storage rooms. Approx. 100 m2 of usable space. However, the ground floor requires renovation work.

Outside the property there is a spacious terrace.  It has a canopy on the side of the house where there is the garden area. There is also a large parking area plus storage space in the access driveway. There is also a lockable garage for 2 cars.

As the old  saying goes when choosing a property….’Location, Location, Location’

Graz airport is only just over 60 mins drive and Klagenfurt airport 80 mins.

The location of this property is its absolute highlight. Only a 15-minute drive from the Red Bull Ring in Spielberg, it offers the perfect location for a business premises with overnight accommodation.

The house is far away from noise and busy roads, surrounded by greenland. The nearest swimming lake is only 10 minutes away.

Total usable living area 200 m² Plus addtional ground floor area.

Land area 1.813,00 m²

The property is priced for a quick sale.

Price €210,000

Buying costs in Austria are approx 10/11%

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