$1,665,935

Prime Property Development Project In A Prime Commuter Location: Potential For Up To 8 New Build Uni

  • 4,306 Sqft
  • 7,202 Sqft lot
  • Updated: August 7
  • 6
    Views for last 30 days
  • 1

About the Property

HIGHLIGHT:

** Rare investment opportunity in Luxembourg: Planned development in an urban mixed-use zone (MIX-uA) **
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-= Pre-planned, ready-to-implement premium concept -=
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++ Total plot are
HIGHLIGHT:

** Rare investment opportunity in Luxembourg: Planned development in an urban mixed-use zone (MIX-uA) **
________________________________________________________________________________________

-= Pre-planned, ready-to-implement premium concept -=
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++ Total plot area 6.69 ares ++
++ Current design: 755.79 m² gross floor area ++
++ 7 residential units ++
++ Generous commercial potential ++
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+ Significant potential for residential development
+ Excellent public transport links
+ Flexible mix of uses
+ Central location with recreational value
+ The planning regulations for a potential new build are already precisely defined in the certificate
+ First-class land utilisation with excellent key figures
+ A mix of housing perfectly tailored to market demand
+ Built-in value factor through modern neighbourhood development
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- Perfect for developers: excellent infrastructure ensures sustained high demand -

Attention project developers and investors: this attractive development site, covering an area of approximately 6.69 ares, offers a rare opportunity in one of Luxembourg’s most sought-after commuter locations. Situated in a prime location in Wasserbillig within the municipality of Mertert, the site stands out for its excellent infrastructure. The train station and bus links to the capital and to Germany are just a few minutes’ walk away, guaranteeing excellent accessibility and thus sustained high demand in the market. The existing building currently comprises commercial premises on the ground floor and a residential unit, and is ready to make way for a profitable, modern new-build project.

Thanks to its classification as an urban mixed-use zone type A (MIX-uA), the site offers excellent potential for infill development within the urban area. According to the PAP-QE, current planning regulations permit the construction of up to 8 residential units on the plot. An existing preliminary architectural design makes ideal use of this potential and envisages 7 residential units with a gross floor area of approx. 756 m² (around 543 m² net floor area). The urban planning requirements are being optimally utilised: the plan is for a contemporary design in a closed ribbon development with 3 to 4 full storeys and an additional stepped storey, whilst strictly adhering to the maximum façade height of 13.50 metres and a ridge height of 17.00 metres.

The forward-looking residential concept is fully focused on a high quality of life in the traffic-calmed town centre, with a well-thought-out, in-house mobility concept integrating the necessary parking spaces in a space-saving and discreet manner directly on the site itself. As the rear of the plot borders the planned, high-quality redevelopment of the “Rue Saint Martin Ouest” district (PAP-NQ), this presents a unique opportunity for the investor to actively contribute to the harmonious regeneration of this attractive town centre. Take advantage of this excellent starting point, which is already fully documented in terms of planning permission, for your next successful property development project and request the official municipal certificate today!
  • Property type

    House

  • Floors

    4

  • Year built

    1945

  • Price/sqft

    $386

Explore the Area

Mertert, Grevenmacher, Luxembourg View on Google Maps
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KARRENBROCK + PARTNERS ® • Luxembourg

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KARRENBROCK + PARTNERS ® • Luxembourg
Luxembourg
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26
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2023
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KARRENBROCK + PARTNERS ® • Luxembourg
Christnach, Luxembourg
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Last updated
August 7
First listed
Jun 1
Listing reference
KI-M221228P-MH
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