Parc Rischard in Luxembourg

Name: Sales in Parc Rischard started!
Start: 2021-12-17T06:30:21.348232+00:00
End: 2023-12-31T23:59:59+0000
Location: Parc Rischard

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Project info

Object ID: 16494

Finished at	September 2022
Price, m²	From 4600$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 51.80 m²
Floors	3
Apartments	100
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

234,600$

Net profit

7,229$

Payback period

24.7 years

Avg property value increase per year

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About the project

Parc Rischard is a unique residential project in Luxembourg City. This luxury apartment complex is located in a private landscape park.

The privileged residents can enjoy exceptional services and exclusive facilities such as a personal wellness. On top of that, Parc Rischard’s location is just as attractive as its green surroundings. It is near to important roads, shopping centers and schools.

The listed Maison Rischard is one of Luxembourg’s cultural heritage treasures. In cooperation with Tatiana Fabeck Architects, new luxury residencies were constructed around the renovated historical villa. Every residence was given the name of one of the heirs of the famous Rischard family: Maison Rischard, Colette, Huguette, Charles, Edouard and Paul.