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Luxembourg - Gasperich
Apartment 500.000 €

SALES AGREEMENT SIGNED

Excellent situation: Close to the Bell d’Or but quiet, schools, Auchan drive, future shopping center.
Small park, bakery, pharmacy and restaurants within walking distance.
Bus 2 and 23.
20 minutes by step to the station.

This 1 bedroom apartment, located in the heart of Gasperich, on the raised ground floor was until now operated in a nursery.
We suggest you to make a beautiful apartment for you, or for a rental investment.

Currently the apartment is so arranged:
- Entrance
- Bedroom +16 m²
- Small kitchen
- Bathroom
- Separate WC
- Large living room +32 m²

With the below budget you could get a return on investment of 4.9% a year.

Creation of the kitchen in the living room: € 10.000
Bathroom: € 15.000
Walls: € 8.000
Floors / skirting: € 4.000
Remove the existing kitchen to create a dressing room or office: € 1.000
Doors: € 1.000
Unexpected surprises: € 4.000
Furniture: € 7.000 (crockery and bedding included)
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Total = € 50.000

Summary of the business plan:

Buy apartment: € 500.000
Works: € 50.000
Notary fees: € 35.000 (-20.000 €/person for "crédit d'impôt")
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Total = € 585,000

The expected rents for this new furnished apartment are € 1.750 €/month excluding charges so € 21.000/year ;
Or if you make a roommate of 3 rooms: € 2.400 / month excluding charges, or € 28.800/year.

With our experience in this field, our agency can assist you in this project.

Available immediately.

Area icon 67 m2 Bedroom icon 1 Bathroom icon 1