Investment property for sale - Luxembourg RBT71465
1645 Luxembourg
6 995 000 €
Description
VERY RARE ON THE MARKET
Historic building of approximately 400 m2, renovated in 2018, with elevator, concrete slabs, right in the center of Luxembourg-Grund (outside the flood zone), backed by the Plateau Saint-Esprit.
Mixed-income building:
- On the ground floor and basement, a café, 170 m2, rented until 2035 to a national brand,
- On the 4 floors: 8 very nice studios (2 per floor) of an average of 30 m2 each, tastefully furnished and fully equipped, fully rented to young professionals (Big4, international civil servants, lawyers...). Occupancy rate of 98% in 2024.
- On the top floor: terrace/garden of approximately 100 m2.
Well-maintained building, recent and quality leases. Detailed tracking of cash inflows and rental developments.
NET profitability for 2024 for the entire building > 4%
Complete file with revenue history available after an initial conversation. Contact: Patrick by phone or WhatsApp Tel +352 621 679 222 .
The neighborhood:
Grund is a highly sought-after area (UNESCO World Heritage site), a few minutes' walk from the upper town of Luxembourg via the Grund elevator. Bakeries, delicatessens, restaurants, cafes, bookstores, art galleries, and museums are nearby. A bus stop is in front of the residence, providing easy access to European institutions in Kirchberg, Central Station, downtown, and the airport. Show all Show less
Historic building of approximately 400 m2, renovated in 2018, with elevator, concrete slabs, right in the center of Luxembourg-Grund (outside the flood zone), backed by the Plateau Saint-Esprit.
Mixed-income building:
- On the ground floor and basement, a café, 170 m2, rented until 2035 to a national brand,
- On the 4 floors: 8 very nice studios (2 per floor) of an average of 30 m2 each, tastefully furnished and fully equipped, fully rented to young professionals (Big4, international civil servants, lawyers...). Occupancy rate of 98% in 2024.
- On the top floor: terrace/garden of approximately 100 m2.
Well-maintained building, recent and quality leases. Detailed tracking of cash inflows and rental developments.
NET profitability for 2024 for the entire building > 4%
Complete file with revenue history available after an initial conversation. Contact: Patrick by phone or WhatsApp Tel +352 621 679 222 .
The neighborhood:
Grund is a highly sought-after area (UNESCO World Heritage site), a few minutes' walk from the upper town of Luxembourg via the Grund elevator. Bakeries, delicatessens, restaurants, cafes, bookstores, art galleries, and museums are nearby. A bus stop is in front of the residence, providing easy access to European institutions in Kirchberg, Central Station, downtown, and the airport. Show all Show less
Financial details
- Price: 6 995 000 €
- VAT: No
Services
More information
General info
Currently leased
No
Interior description
Cellar
No
Veranda
No
Diningroom
No
Dressing
No
Wash room
No
Bike storage
No
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
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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