Investment property for sale - Luxembourg RBT38704
1645 Luxembourg
6 995 000 €
Description
VERY RARE FOR SALE
Historical building of approximately 400 m2, renovated in 2018, with an elevator, concrete slabs, in the heart of Luxembourg-Grund (outside flood zone), backed by the Plateau Saint-Esprit.
Mixed-income building:
- On the ground floor and basement, a café, 170 m2, leased until 2035 to a national brand,
- On the 4 floors: 8 beautiful studios (2 per floor) averaging 30 m2 each, tastefully furnished and fully equipped, all rented to young professionals (Big4, international officials, lawyers...). Occupancy rate of 98% in 2024.
- At the top floor: terrace/garden of approximately 100 m2.
Well-maintained building, recent and quality leases.
Detailed follow-up of collections and rent developments.
Annual rental income for 2024 for the entire building:
€320K gross (€275K net of charges).
Monthly income (collection) for the entire building:
€23,000 in rents + €3,900 in charges.
Complete file with historical revenue available after an initial interview.
Contact: Patrick by phone or WhatsApp Tel +352 621 679 222 .
The neighborhood:
The Grund is a highly sought-after area (UNESCO World Heritage site), just a few minutes' walk from the Upper Town of Luxembourg via the Grund elevator. Bakeries, gourmet grocery stores, restaurants, cafés, bookstores, art galleries, and museums are nearby.
A bus stop is opposite the residence, providing easy access to the European institutions in Kirchberg, Central Station, the city center, and the airport. Show all Show less
Historical building of approximately 400 m2, renovated in 2018, with an elevator, concrete slabs, in the heart of Luxembourg-Grund (outside flood zone), backed by the Plateau Saint-Esprit.
Mixed-income building:
- On the ground floor and basement, a café, 170 m2, leased until 2035 to a national brand,
- On the 4 floors: 8 beautiful studios (2 per floor) averaging 30 m2 each, tastefully furnished and fully equipped, all rented to young professionals (Big4, international officials, lawyers...). Occupancy rate of 98% in 2024.
- At the top floor: terrace/garden of approximately 100 m2.
Well-maintained building, recent and quality leases.
Detailed follow-up of collections and rent developments.
Annual rental income for 2024 for the entire building:
€320K gross (€275K net of charges).
Monthly income (collection) for the entire building:
€23,000 in rents + €3,900 in charges.
Complete file with historical revenue available after an initial interview.
Contact: Patrick by phone or WhatsApp Tel +352 621 679 222 .
The neighborhood:
The Grund is a highly sought-after area (UNESCO World Heritage site), just a few minutes' walk from the Upper Town of Luxembourg via the Grund elevator. Bakeries, gourmet grocery stores, restaurants, cafés, bookstores, art galleries, and museums are nearby.
A bus stop is opposite the residence, providing easy access to the European institutions in Kirchberg, Central Station, the city center, and the airport. Show all Show less
Financial details
- Price: 6 995 000 €
- VAT: No
Services
More information
Interior description
Attic
Yes
Kitchen and bathrooms
Kitchen equipment
Not equipped
Heating and energy
Solar thermic panels
No
Type of heating
Gas
Floor heating
No
Equipment
Air conditioning
No
Elevator
Yes
Access for disabled
No
Outdoor description
Floor of appartment
0
Garden
Yes
Surface garden
100 m²
Balcony
No
Certificates and Compliance
EPC/PEB reference
NC
Town planning and environmental risks
Flooding Area type
(information not available)
Demarcated flooding area
(information not available)
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