Exceptional investment property in the center of Esch-sur-Alzette

Engel & Völkers is pleased to offer you this character property located in the center of Esch-sur-Alzette. Dating from approx. 1857 and fully renovated in 2007 and 2020, the property comprises a main building and an annex connected by a footbridge. Forming a harmonious architectural ensemble, it consists of offices and 3 residential units.

Built on a plot of 10a42ca, the building has a vertical cadastral registration and represents an attractive investment opportunity.

Situated on a main road, a five-minute walk from Esch-sur-Alzette City Hall Square, the property enjoys outstanding visibility and a unique identity.    

The two buildings together represent a cadastral area of approx. 793.28 m².

The main building is composed as follows

• Ground floor: approx. 128.62 m² of offices including sanitary facilities, a fitted kitchen and technical rooms
• 1st floor: a studio of approx. 58.38 m² with living area and sleeping corner (approx. 28.70 m²), fitted kitchen and shower room; an apartment of approx. 70.05 m² with living room (approx. 21.74 m²), 1 bedroom (approx. 16.60 m²) and the first level of the duplex. The apartments have been renovated with high-quality materials.
• 2nd floor: the upper part of the duplex, the 2 levels together total approx. 197.21 m² and are served by a private elevator.
• In the basement: cellars, boiler room and wine cellar.

The duplex, which occupies the top two floors, has private access with an elevator and offers a spacious living room (approx. 91.33 m²) with a fine ceiling height (approx. 3.75 m) and fire place, an open fitted kitchen, a balcony (approx. 17.42 m²), 3 bedrooms (approx. 26.59 m²; approx. 14.10 m²; approx. 16.62 m²), 3 bathrooms and a laundry room. This duplex, benefits from high-end equipment and finishes.

The annex is composed as follows 

• On the ground floor approx. 59.96 m² of offices, an office of approx. 22.36 m² on a mezzanine
• In the vaulted cellar, a meeting room (approx. 34.36 m²) with a ceiling height at the center of the vault of approx. 2.22 m
• On the footbridge between the 2 buildings, an office of approx. 67.42 m²

The total office area across both buildings is approx. 276.24 m².

The property also includes cellars and 10 outdoor parking spaces located in the private courtyard at the front of the building.

Building equipment and features: energy class F/F, gas heating via radiators, 2 Buderus gas boilers, heat meters for each unit, individual meters, triple-glazed windows with aluminum frames (2007 and 2022), shutters for the duplex, bespoke kitchens with Siemens appliances, alarms (for the offices, the duplex and the studio), solid oak parquet flooring, blue stone, marble tiling, wood-burning stove in the duplex, electric vehicle charging station.

The studio is currently rented for a monthly rent of €1,380 (plus approx. €120 in charges) and the 1-bedroom apartment for €1,600 (plus approx. €200 in charges). The duplex is currently vacant with a rental potential of approx. €3,300 (plus approx. €600 in charges).  The Asset can be partly acquired in a share deal.