Fensterschlass in Luxembourg

Name: Sales in Fensterschlass started!
Start: 2021-12-16T16:57:59.088946+00:00
End: 2023-12-31T23:59:59+0000
Location: Fensterschlass

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Project info

Object ID: 16493

Finished at	December 2021
Price, m²	From 5600$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 120.00 m²
Floors	6
Apartments	17
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

672,000$

Net profit

9,376$

Payback period

57.2 years

Avg property value increase per year

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About the project

The historical 60-windowed façade gave this iconic building in the heart of Luxembourg City Center its name, “Fënsterschlass”, or “Window Castle”. Inside this magnificent piece of art, the renowned architects Christian Bauer & Associés have designed unique living, working and commercial spaces, mixing historical character with a contemporary look and modern comfort. The balconies’ and windows’ delicate ironwork as well as the imposing entrance doors evoke the splendor of the building’s past.

Beautiful and inviting boutiques populate the ground floor, while spacious offices feature on the first floor. The four other levels are comprised of fully equipped apartments offering stunning views of the Boulevard Royal and the City Park.

ICN has teamed up with the nearby Hôtel Le Royal and a local Concierge service provider in order to offer additional exclusive services. Two electrical cars, provided and managed by Umify, ICN’s Start-Up for Mobility & Home, are available as shared cars for use by all residents.