Investment property with 4 flats in the heart of Belair

Price

€3,600,000

Bathrooms4

Living area372 m²

Plot surface535 m²

Amenities and special features of this house

Engel & Völkers is pleased to offer you this investment property built in 1963 on a 5a35ca plot of land, comprising 4 separate units (with vertical land registry) that are currently let. Situated in an attractive street in the Belair district, the building offers one flat per level and 5 garage boxes to the rear. The 4 flats, each with a floor area of approx. 101 m², are laid out in the same way: The entrance hall leads to a dining/living room of 34m², a bathroom of 5.57m², a separate WC and a fitted kitchen of 11.34m². A small night hall opens onto 2 bedrooms (±15m² and ±10,85m²). The windows are double-glazed with PVC shutters, and the floors are tiled, laminated, vinyl and/or carpeted. The 4 units have a shared courtyard where the 5 garages (±22m²) rented with the flats are located. A cellar for each unit (between ±6.46m² and ±8.50m²) as well as a shared laundry room and tumble dryer in the basement complete the offer. The residence is equipped with a gas-fired boiler. The total rental income is currently €6,900/month and the charges per flat are €200/month.

Object type

Investment

Bathrooms

Living area

372 m²

Total surface

484 m²

Plot surface

535 m²

Garages

Construction year

1963

Energy efficiency class

A+

Energy certificate available

Yes

Type of heating

Radiator

Energy source

Gas heating

Features

Garage

Belair: Location and surroundings of this property

This investment property is located in the heart of Belair, on Rue Wurth-Paquet. The popular Belair district is very close to the city centre, and is particularly attractive thanks to its many green spaces. Nearby are nursery and primary schools, crèches and various lycées (Athénée, ISL etc). You'll find everything you need on a daily basis: bakeries, butchers, hairdressers, chemists, doctors, supermarkets, etc. The neighbourhood also boasts a sports centre and swimming pool, which is open to the public at weekends, as well as a number of playgrounds, including Parc de Merl. The property is very well served by public transport and the road network with access to the motorway. Distances: - Belair, Place de France" bus stop ±140m - Gaston Diderich" primary school: ±750m - Geesseknäppchen campus: approx. 1.3km - Shops (Cactus): approx. 600m - Kirchberg: approx. 3.1km - A4 motorway: approx. 850m - Luxembourg Central Station: approx. 2km - Findel Airport: approx. 9.6km - Parc Merl: approx. 550m - Castle playground: approx. 240m