Upside in Luxembourg

Name: Sales in Upside started!
Start: 2021-12-16T16:45:02.666309+00:00
End: 2023-12-31T23:59:59+0000
Location: Upside

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Property for sale in Upside — look at the real estate search engine GEOLN.COM. Photo 1

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Project info

Object ID: 16490

Finished at	December 2022
Price, m²	From 3500$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	6
Apartments	73
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Commercial area 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

210,000$

Net profit

7,229$

Payback period

22.1 years

Avg property value increase per year

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About the project

The Route d’Arlon is one of the main arteries into the center o f the City of Luxembourg. It connects the west side of the Grand-Duchy and Belgium with the Municipal Park right into the heart of the City. ICN and the world-renowned office of Arquitectonica are planning a new 13,000 sqm development, including townhouses, apartments of all sizes, offices, ground floor shops and rooftop gardens with stunning views over the nearby Val Ste-Croix district. The Etoile tram station puts the future inhabitants of the impressive project at less than 5 minutes’ distance to the center of town, 10 minutes to the station, 10 minutes to the Kirchberg Business center and cultural attractions, to the airport and to the Cloche d’Or Business Hub.

The project will be developed and built in at least two phases. It will include exclusive services such as a Wellness and Fitness area, a conciergerie, and of course the Umify shared cars and bikes and Parcel-boxes.