Stylish residential and retail: Gare, Luxembourg City
Don’t miss this beautiful period property with a modern twist, in Rue de Strasbourg, Gare, Luxembourg City!
It is centrally located near the Gare, and within walking distance of the tram line. So this building is in the middle of everything. It also has everything! When completed, it will comprise a retail ground-floor with an upper level convenient for a restaurant and three apartments. More than that, the last apartment is a penthouse on two levels. Additionally, the first floor will have a comfortable rear terrace.
Across the road is an administrative building occupied by state bodies which value easy access, testament to the centrality of the location. The area also contains a nice mix of residential and business properties. This is unlike some more monotonous streets in other parts of the city which offer only either residential or office buildings. As a consequence, it’s lively and dynamic, the perfect setting for a combined residential and retail property.
Planned modern renovation
The existing property has a listed facade behind which the new owner plans to build a modern residential and retail building. Painted in neutral colours with white windows, the facade is very pleasing. The planned building is all clean lines and modern design to complement its stylish surroundings.
Due authorisations to build are recent, dating back to November 2019, so red tape will not be an issue.
RealCorp’s exclusive sale mandate
The owner has given RealCorp Luxembourg an exclusive mandate to market this property. This is a real achievement, considering the current popularity of the area.
Many residential projects, such as SOHO Luxembourg by Besix Red, have sold like hot cakes in the area. Besides this, there are also several renovations and other projects currently in the works.
Anchor with an asset deal
The proposed transaction is an asset deal. Therefore, this will appeal to investors looking to anchor down in turbulent times. The likely tenant profile is excellent in this buzzing location, so this property could definitely be held long-term as an income-generating asset.
RealCorp looks forward to finding a buyer who appreciates this opportunity amidst the steady evolution of the surrounding environment. If that’s you, please get in touch!