Investment building 1 bedroom in Echternach

Real estate complex with high potential in the heart of Echternach – Exclusive sale. In the municipality of Echternach, just steps from the city center, AIRIMMO exclusively offers you a real estate complex comprising two buildings, offering residential development potential in a prime location. Location and features: - 3, rue Hoovelek: industrial building with storage spaces, dating from the early 20th century. Energy class: G-G - 5, rue Hoovelek: mixed building including a commercial space on the ground floor and apartments on the upper floors, dating from around 1947. Energy class: H-H The complex represents a total built surface area of approximately 1,004.38 m² and a volume of 4,558 m³. Description of the buildings: This real estate complex consists of commercial buildings and warehouses built at different times. The building located at 5, rue Hoovelek features old masonry stone architecture, with façades partly made of cut stone. It includes a commercial unit on the ground floor and apartments on the upper floors. The floors, parquet, and central staircase are made of wood. The double-pitched roof is covered with tiles. The main buildings are complemented by several adjoining annexes used for storage, some of which have loading docks. The industrial building and its dependencies, mainly built of reinforced concrete, include a warehouse with a basement as well as various annexes of heterogeneous design. A real estate project to imagine: The buildings are generally in poor condition and require major renovation. Given their condition and the obsolescence of technical installations, converting the existing buildings may be economically unfeasible. The value of this complex lies primarily in its strategic location, immediately close to Echternach city center. This property is particularly aimed at developers and investors looking for a real estate development opportunity. A residential project could be considered, subject to applicable urban planning provisions, notably the PAG and, where applicable, the PAP, as well as required authorizations. Interested in this property? Contact AIRIMMO for more information and to arrange an appointment. Non-contractual advertisement. --- AIRIMMO – Your real estate partner since 2011 Do you want to know the real value of your property? Are you looking for reliable and transparent advice to sell or buy a property? Since 2011, AIRIMMO has been supporting you seriously and professionally in your real estate projects: purchase, sale, and valuation of properties. Do not hesitate to contact us.