Investment property for sale - Luxembourg RBT38705
1946 Luxembourg
6 995 000 €
Description
VERY RARE FOR SALE
Historic building of approximately 400 m2, renovated in 2018, with elevator, concrete slabs, located in the heart of Luxembourg-Grund (outside the flood zone), backed by the Plateau Saint-Esprit.
Mixed-use investment building:
- On the ground floor and in the basement, a café of 170 m2, rented 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, fully rented to young professionals (Big4, international officials, lawyers...). Occupancy rate of 98% in 2024.
- On the top floor: terrace/garden of approximately 100 m2.
Very well-maintained building, recent and quality leases. Precise tracking of collections and rent fluctuations.
Annual rental income 2024 for the whole building:
320 K€ gross (275 K€ net of charges).
Monthly income (collections) for the whole building:
23,000 € in rents + 3,900 € in charges.
Complete file with income history available after an initial interview. Contact: Patrick by phone or WhatsApp Tel +352 621 679 222 .
The neighborhood:
Grund is a highly sought-after neighborhood (UNESCO World Heritage site), just a few minutes' walk from the Upper City of Luxembourg via the Grund elevator. Bakeries, gourmet grocery store, restaurants, cafés, bookstores, art galleries, and museums are nearby. A bus stop is right 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, located in the heart of Luxembourg-Grund (outside the flood zone), backed by the Plateau Saint-Esprit.
Mixed-use investment building:
- On the ground floor and in the basement, a café of 170 m2, rented 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, fully rented to young professionals (Big4, international officials, lawyers...). Occupancy rate of 98% in 2024.
- On the top floor: terrace/garden of approximately 100 m2.
Very well-maintained building, recent and quality leases. Precise tracking of collections and rent fluctuations.
Annual rental income 2024 for the whole building:
320 K€ gross (275 K€ net of charges).
Monthly income (collections) for the whole building:
23,000 € in rents + 3,900 € in charges.
Complete file with income history available after an initial interview. Contact: Patrick by phone or WhatsApp Tel +352 621 679 222 .
The neighborhood:
Grund is a highly sought-after neighborhood (UNESCO World Heritage site), just a few minutes' walk from the Upper City of Luxembourg via the Grund elevator. Bakeries, gourmet grocery store, restaurants, cafés, bookstores, art galleries, and museums are nearby. A bus stop is right 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
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
No
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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