As a real estate investor you could currently get a real bargain in Baden, Lower Austria. The Federal Army has advertised a former barracks on the online platform willhaben.at.
A square meter of building land currently costs around 193 euros in the Baden district. The site of the former barracks plus the buildings on it are available for the ridiculous price of around 175 euros per square meter. In total, they want to have 5.8 million euros for the former military site. The area is a listed building and measures a total of 33,013 square meters and contains several buildings, halls and the former sports park. However: The barracks buildings themselves are currently under monument protection. The Federal Army therefore only intends to sell a part of it; the land to be used is designated in the zoning plan as “building land, special area, hospital” and “green belt pollution control”. The barracks had a tank artillery battalion for decades Motor NCO School and a medical facility are housed. In 2013, the Ministry of Defense decided to close it permanently and most of the military infrastructure was relocated to Zwölfaxing. The sale has already failed twice. After that, there were various considerations about using the area. The city of Baden thought about setting up a research and production campus for technology. The armed forces have also tried to sell the property twice. In 2014, the Martinek Barracks, named after artillery general Robert Martinek, was advertised for 33 million euros – without success. An attempted sale in 2017 also failed. Maybe a buyer can now be found who will breathe new life into the old barracks area.
source site-12