Unique investment opportunity in the heart of Krakow - tenement house with an approved expansion project and immediate cash flow. We offer for sale a rare investment property in the very center of Krakow - a historic tenement house located at ul. Kątowa 4, combining stable rental income with enormous potential for value growth. The property is available for the price of 5,500,000 PLN. Current state - ready income from day one. The tenement house along with the annex occupies a plot of 626 m², and the total built-up area is 565 m². The building has been fully renovated, furnished, and has been generating a steady income from long-term rentals for years. The main tenement houses 10 renovated apartments, and in the annex - 1 two-level apartment (currently operating as PIANO GUEST HOUSE). The entire property is ready for immediate takeover without the need for additional renovation or furnishing costs. Expansion project - the key to maximizing returns. A complete architectural project for reconstruction and extension has been developed and submitted for the property, anticipating a significant increase in usable and income-generating area. Upon completion of the investment, the building will achieve a total area of 812.15 m² and a usable area of apartments and premises amounting to 654.95 m². The project includes raising the ridge of the main building's roof and creating an additional floor, which will allow for a total of 7 residential apartments (including two-level apartments on the top floor). The annex will be partially demolished and rebuilt, creating 4 units intended for short-term rental - one on each floor. It is also planned to connect both buildings with an external gallery with an elevator, creating a cohesive, modern complex while maintaining the historical character of the tenement house. The main building will ultimately serve a residential function, while the annex will serve a commercial purpose for short-term rental, creating a diversified income model from two independent streams. The property is covered by the local spatial development plan "Wita Stwosza," which ensures maximum flexibility for future development. The plan provides for two land use cards for the plot: MW/U.1 - multi-family residential or service development and U.1 - service development with the possibility of maintaining residential functions. In both cases, the permissible height of the building is 16 m, and the intensity of development ratio is 0.1-3.5. Additionally, a valid judgment has been obtained that repeals the provisions of the local spatial development plan limiting the form of the roof. Based on this, it is planned to conduct proceedings before the conservation officer to obtain permission for the reconstruction of the tenement house using a mansard roof, which could significantly increase the investment potential of the property. Location - one of the best investment addresses in Krakow. Ul. Kątowa 4 combines the prestige of the center with exceptional transport accessibility. The Main Railway Station/Bus Station is just 0.95 km away, and the Old Town and Main Market Square are 2.7 km away. The Krakow Planty and Vistula Boulevards are within a short walking distance, and Kazimierz is located 4.7 km further. The largest universities in Krakow are located in the immediate vicinity, providing a natural base for long-term tenants. The property has excellent public transport connections, ensuring easy access to every part of the agglomeration. It represents a ready investment platform for entities seeking an asset that combines current rental income with the prospect of value growth after the completion of the approved expansion project. Parameters: • Usable area: 557 m² • Number of bedrooms: 10 • Legal status: ownership

Apartment for sale, 10 rooms, 755 m² — Stare Miasto, Kraków

Description

Specifications

Property features

Location

Similar listings

Apartment - 4 rooms - 212 m² - Krupnicza St. Kraków Old Town

Apartment - 4 rooms - 212 m² - Krupnicza St. Kraków Old Town

Apartment - 5 rooms - 97 m² - Jabłonowskich St. Kraków Old Town

Apartment - 8 rooms - 260 m² - Włodzimierza Tetmajera St. Kraków Bronowice

Apartment in Kraków Krowodrza — 2 rooms, 39 m²

Apartment in Kraków Stare Miasto — 2 rooms, 36 m²

Want to know about our next apartments first?