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ADDRESS / SITUATION of the COMMERCIAL , OFFICE & RESIDENCIAL PROPERTY :
The object can be used for the following commercial activities :
BUSINESS / MEDICAL / OFFICE CENTER / FOOD COURT
HOTEL / MOTEL with system catering ( franchise )
or any other commercial or freelance activities !
28 , rue PrincipaleL – 9835 HOSCHEID – DICKTGrand-Duchy of Luxembourg
The objectissituated in an „privileged position“upto Luxembourg – City / Airport andisconsideredasoneofthe last opportunitieswith DIRECT ACCESS of the newly opened “NORDSTRAßE“ , the „Europe Street 421“ - N 7 , which connects Luxemburg-City, Aachen/Cologne (Germany) and Liège/Brussels (Belgium).
Year of construction : 1994 - 1996
With the definite completion of the new „Nordstraße“ in 2015, the property is situated almost unrivalled all the way to Luxembourg City ( direct connection to the international airport ) on a distance of about 43.5 kilometers plus the direct connections of the adjoining freeways.
The reason for this almost competition-free situation is that all other properties located on both sides of the „NORDSTRAßE“ lie in the „statutory greenbelt“ and therefore mustn’t and can’t be developed.
Numerous highway tunnels & bridges on the way to Luxembourg City further prevent possible new buildings !
DIRECT FREEWAY CONNECTIONS :
A) To the south via freeway interchange :LUXEMBOURG AIRPORT
Direction East :TRIER / SAARBRÜCKEN / KAISERSLAUTERN / KOBLENZ (D)
Direction South :METZ / STRAßBURG / FREIBURG / PARIS (F)
Direction West :ARLON / LIÈGE / BRUSSELS (B)
B)To the north via ST. VITH (B) :
Direction North-East : AACHEN / COLOGNE / DÜSSELDORF / KOBLENZ (D)
Direction West :LIÈGE / BRUSSELS / ANTWERPEN (B) & MAASTRICHT (NL)
In the year 1996 the car frequency on the yet unfinished „Nordstraße“ was around 7,500 units per day .
In the year 2001 the said freguency was already at 14,763 units per day .
In 2013, the same census resulted in a typical average of 18,000 units per day.
According to cautious estimates, the daily car frequency will be around 20,000 by the definite completion of the „Nordstraße“ in 2015 – quite likely even much higher !
D I R E CT S U R R O U N D I N G S
Within a radius of about 15 kilometers, the property is situated right in the middle of 4 - 5 centers of tourism, surrounded by about 40 camping sites, industrial zones, schools, gymnasia, administration, hospitals, medical attendance, shopping centers, banks, shops, speciality retailers, cultural & sports centers etc.
In the midst of the conservation area there are several knight’s castles , hiking trails & bikeways , and cultural as well as active sporting opportunities !
1)DIEKIRCH about 15 km:Here there are
banks & administration , shopping centers , shops , hotel management school , brewery , industrial zone , kindergartens , schools , gymnasia , bus and railway station , postal service , courts , retirement homes , swimming pool , museums , headquarter of the Luxemburgish army , camping sites etc.;
2)ETTELBRÜCK about 17 km:Here there are
banks & administration, shopping centers , shops , industrial zone , kindergartens , schools , gymnasia , bus and railway station , postal service , retirement homes , hospitals , camping sites etc.;
3)CLERVAUX about 15 km:Here there are
banks & administration, industrial zone , kindergartens , schools , bus and railway station , postal service ; retirement homes , international 18-hole golf course , castle , abbey , swimming pool , museums (including the world famous photo exhibition : “The Family of Man” from New York) , camping sites etc.;
4)VIANDEN about 15 km:Here there are
banks , industrial zone , kindergartens , schools , postal service , retirement homes , castle , abbey , open-air swimming pool , museums , camping sites etc.;
ECONOMICAL IMPACT / DEVELOPMENT OF THE „NORDSTRAßE E421 – N7“ WITHIN JUST A FEW YEARS
Because of the exceedingly lucrative commercial / business potential of the area, the commercial sectors listed below have years ago established themselves on the „Nordstraße E 421“ to ensure themselves „very high and secure market shares“ before the opening in 2015 !
At the same time, the market for residential properties of every kind has increased very fast and progressively. This positive, continuous demand for residential and commercial properties will surely increase many fold after the definite commissioning of the new „Nordstraße E421“ .
The efforts of the State to increase the population from the current 550,000 to about 700,000 inhabitants also contributes to a natural, logical tendency for a steady increase in property prices!
As direct consequence of the new „Nordstraße E 421“ the following industrial and commercial branches have established themselves next to the street or are under construction / planned in the near future:
a)at about 150 meters beside my commercial property, the oil company „ARAL“ has opened a gas station with 12 pumps, a snack-shop, and car wash in 2003 ;
b)at about 350 meters across from my commercial property, the automobile group „CITROEN“ has opened a branch with a service station in January 2006 ;
c)at about 550 meters across from my commercial property, the oil company „SHELL“ has opened a gas station ;
d)seven more businesses can be found in close vicinity to Hoscheid-Dickt: construction company, installer for heating systems, electrician , roofer , nail studio, bar , logistic & transport company ;
e)not far from the roundabout „Schinker“ , at about 2 km, a construction company, a recycling company, a computer retail market, a timber trader and an electrician's retail market have established themselves ;
f)in a location by the name of „Schinker“, at about 2,5 km : central common school with approximately 750 students, including a center for sports, culture and clubs ;
g)adjoining the aforementioned school, a big „AQUA FUN PARK“ with fitness and wellness area has opened their doors for the general public of the greater region ( state investment of about 20 million Euro );
h)„Hosingen“ roundabout, at about 5 km: the oil company „GULF“ has opened a gas station ( 12 pumps ) with snack-shop and car wash in January 2006 ;
i)next door can be found a pharmacy, an automotive retailer, a „Light & Sound“ retail market, a furniture shop, a factory for wooden and pvc windows, a carpenter, a beverage superstore, a retail market for gardening and machinery etc.;
j)„Hosingen“ roundabout, at about 5 km : in the last 3 years, 12-15 tradesmen, among them the group „Electrolux“ have established themselves here ;
k)„Friddhaff“ roundabout, at about 12 km : the oil company „ ARAL“ has opened a gas station with a snack shop in June 2006 ;
l)Erpeldingen / Ettelbrück, at about 13 km : The Luxembourgish State builds a tremendous „NURSING HOME for ALZHEIMER patients“ ( state investment of about 27 million Euro )
m)Diekirch – central square, at about 15 km : The Luxembourgish State builds a tremendous „CENTRAL SCHOOL“ ( state investment of about 27 million Euro )
PROPERTY PRICES IN LUXEMBOURG / FUTURE FORECASTS
From the opening of „Nordstraße“ in 2015 many more shops and industries will certainly be established nearby !
One of the obvious main reasons for this is the opening of the „new Nordstraße“, which will make the current street only a side-road. Consequentially, it's use will become marginal and restricted !
Therefore about 40 – 60 tradesmen will lose their „effective customer potential“ and will inevitably have to transfer their commercial premeses to the „new Nordstraße“ to remain competitive !
This essential, immediate and realistic impact on the business world alone will effect yet another raise in property prices, since almost all properties along the „new Nordstraße“ are, as mentioned before, located in the statutory greenbelt.
Furthermore, the highway tunnels and bridges prevent additional buildings on a total length of about 43.5 kilometers in the direction of Luxembourg AIRPORT and City .
And the options for obtaining or renting a good, centrally located business location will become fewer, eventually nearly impossible !!
According to official efforts and projects of the Luxembourgish government, the population is meant to rise to 700,000 inhabitants in the next years !
On January 1st 2014, the Grand-Duchy of Luxembourg already had over 550,000 inhabitants !
The direct and grave consequence of these political efforts is a hard price war in the Luxembourgish property market, affecting both rental and purchasing prices, directly and indirectly.
This almost grotesque situation is clearly documented by a report in an Luxembourg daily newspaper , which found that around 8,000 Luxemburgers have already left their „home country“ because of the astronomical rent and purchase prices which they can’t and don’t want to pay !
As furthermore positive , economic influence to be valid is the fact , that currently 130,000 to 140,000 immigrant workers who drive to Luxembourg every morning to pursue their work / employment.
A three bedroom apartment of 106 square meters in Hoscheid-Dickt currently on offer for 360,000 € can serve as guidance on current property prices. Factoring in the incidental notary and mortgagee costs etc. of about 9% the total selling price is 394.400 €, or 3.702 € per square meter (as of 10/2014).
A two bedroom apartment of 76 square meters in Hoscheid currently on offer for 298,000 € can serve as guidance on current property prices. Factoring in the incidental notary and mortgagee costs etc. of about 9% the total selling price is 324.820 €, or 4.273,95.- € per square meter (as of 02/2015).
BUILDING PLOT NUMBER 1543/4609 :
EXISTING INFRASTRUCTURE :
The building plot ,cadaster number 1543/4609 encompasses 13.15 are (1,315 m²) and is located with DIRECT, IMMEDIATE ACCESS and CONNECTION to the new „Nordstraße“, the E421.
Here an estimated 238.02 m² can be constructed per level to a total of 3 levels. These levels are ground floor, 1st floor and 2nd Floor ( mansard ).
This amounts to an estimated overall gross building area of 3 x 238.02 m² = 714.06 m²
This gross area can be enlarged by about 100 m²according to existing laws by relocating the stairwell and elevator outwards! It is however absolutely recommended to have this option examined and approved by an architect, lawyer or the authorities !
The levels of the building can be divided into commercial, office, and/or housing units .
With explicit official approval, in addition to the area for construction, garages, storage space and further parking lots can potentially be established and marketed!
The subgrade and foundation of the building plot is already completely finished and consists of lava stone from the Eifel . The surface is also completely laid with interlocking paving stones and can be used as CUSTOMER PARKING LOT !
Additionally, large parking lights and underground concrete bases for promotional masts including power supply lines ( no definite connections ) are already available!
This already existing infrastructure alone comprises a current value of at least 150,000 € , which the future buyer doesn't need to invest / finance anymore !!!
It goes without saying that the future owner will need to obtain the necessary permissions by the competent authorities on their own, at their own cost and responsibility!
SELLING PRICE :700,000 €
The largely developed building plot can be sold separately !
The building plot with the existing infrastructure will be an private sold in its current state in need of renovations and repairs , without any warranty !
The selling price of building plot 1543/4609 including the aforementioned existing infrastructure amounts to 700,000 € (seven hundred thousand Euro).
Optionally, it can also be purchased together with the directly adjoining – separately sold building plot cadaster number 1543/4608 including the existing building .
The total selling price for both cadaster numbers then amounts to 3,700,000 € (three million and seven hundred thousand Euro).
A recent (September/October 2014) sale of a building plot in the village Hoscheid can serve as guidance on current building plot prices in the area. This plot is completely remote from the „Nordstraße E421“ and therefore „extremely non-lucrative“ for any commercial or business activity / use !
The property of 3.65 are (365 m²) was sold at a price of 198,500 € plus the incidental notary and mortgagee costs of about 9%, resulting in a total selling price of 216,365 € and a price per are of 59,278 € ( as of 10/2014 )
Sellingforhealthreasons.
BUILDING PLOT NUMBER 1543/4608 including the existing building:
EXISTING INFRASTRUCTURE :
The building plot, cadaster number 1543/4608, including the existing business, office and residential building, encompasses 29.97 are (2,997 m²) and is located with DIRECT, IMMEDIATE ACCESS and CONNECTION to the new „Nordstraße“, the E421.
The subgrade and foundation of the building plot is already completely finished and consists of lava stone from the Eifel . The surface in front of and partially behind the building as well as adjacent to the building plot 1543/4609 is also completely laid with interlocking paving stones and can be used as CUSTOMER PARKING LOT !
Also, there are already several big parking lights as well as a big „TOTEM“ ( advertising column ) for mounting street advertising along the Nordstraße. All electric, water, and sewage connections are present.
Furthermore, a „glass fiber cable connection“ from the Luxembourgish postal service ( telephone & internet ) is ready for use in the building.
This already existing infrastructure alone comprises a current value of at least 175,000 € , which the future buyer doesn't need to invest / finance anymore !!!
HIGH VOLTAGE CURRENT TRANSFORMER250 kVa
Behind the existing building is the direct, underground connection ( empty conduits ) for a high voltage facility . After regulatory approval, such a facility with an electric power output of 250 kVa can be build !
The complete infrastructure of these underground empty conduits for electricity feed lines with a total length of 245 meters are ready on site! It can be planned for and used at will by the investor !
The considerable investment cost of about 350,000 € for this finished infrastructure have already been payed for by the current owner !
RAINWATER COLLECTION FACILITY 20,000 liters
All toilets of the gastronomic establishment on the ground floor are supplied by a rainwater collection facility !
The rainwater is led to and collected in two water tanks with a total capacity of 2 x 10,000 liters. These are located underground directly behind the building .
E X I S T I N G B U I L D I N G :
C E L L A R :
The building is not built with a cellar . Only the two heating oil tanks with a total capacity of 6,000 liters heating oil are walled in, easily accessible with a descending ladder .
There are about 4,000 liters of heating oil left in the tanks .
NET BUSINESS, LIVING & FLOOR SPACES :
1)Ground Floor :
INTERNAL AREA: EXTERNAL AREA:
Premises : 1 , 2 & 3: 325,41m²
Outdoor terrace ( pergola ):100,30m²
Customer toilets: 25,51m²
Heating , Utilities , Hallway : 21,97m²
======
Total commercial area :372,89m²100,30m²
Premise 3 ispartially still in a stateofshell.
*************
2)1st Floor :
Flat Nr: 1 ( Apartment ) 140,01m²
Flat Nr: 2 ( Apartment ) 106,52m²
======
Total living area :246,53m²
Premises 1 + 2 arealreadyfinished in themajorparts. The followingworksneededtobedone : stonefloor , floortile , paintings , doors
- The flats can also be used as offices or for freelancers !
*************
3)2nd Floor ( attic / floor space )151,17 m²
ENLARGEMENT and EXTENSION OPTIONS
of the existing building
( according to the regulatory development plan ) :
PROPERTY 1543 / 4608 with the existing building:
( Surface : 29,97 Ar )
Under the sole condition of leaving the complete ground floor of the existing building as is( !!!! MUST NOT BE DEMOLISHED !!!! ) the building can be enlarged as follows :
Existing building: ( Conversion + Enlargement )
Ground floor :372,89 m²net area
1stFloor :372,89 m²net area
2ndFloor :372,89 m² net area (less the roof pitch / mansard)
======
Total area :1,118.67 m² net area (less the roof pitch / mansard)
*************
Enlargement / Extension of the existing building :
( floor space : 16.00 x 14.00 meters )
Ground floor :224,00 m²gross area
1stFloor :224,00 m²gross area
2ndFloor :224,00 m² gross area (less the roof pitch / mansard)
======
Total area :672.00 m² gross area (less the roof pitch / mansard)
This gross area can again be enlarged by about 100 m² according to existing laws by relocating the stairwell and elevator outwards !
It is however absolutely recommended to have this option examined and approved by an architect, lawyer or the authorities !
According to local construction law, the total length of the existing plus the newly added building mustn’t exceed 36.00 meters !
With a complete enlargement / conversion of the existing building the following net / gross areas can be achieved :
Conversion of the existing building : about1,118.67 m²net area
Extension/enlargement of the existing building : about : 672.00 m²gross area
Possible external stairway : about :…100.00 m²gross area
======Total net / gross building area : about : 1,890.67 m²
With explicit official approval, in addition to the area for construction, garages, storage space and further parking lots can potentially be established and marketed!
It goes without saying that the future owner will need to obtain the necessary permissions by the competent authorities on their own, at their own cost and responsibility!
SELLING PRICE :3,000,000 €
The existing building along with the plot and the existing infrastructure will be an private sold in its current state in need of renovations and repairs , without any warranty !
The selling price of building plot 1543/4608 including the existing building, and including the aforementioned investments ( 525,000 € ) for the existing infrastructure and the high voltage transformer amounts to 3,000,000 € (three million Euro).
Optionally, it can also be purchased together with the directly adjoining – separately sold building plot cadaster number 1543/4609 including the existing infrastructure.
The total selling price for both cadaster numbers then amounts to 3,700,000 € (three million and seven hundred thousand Euro).
Sellingforhealthreasons.
“Concession hors Nombre de PleinExercice” ( State Alcohol License )
Should the future owner consider to use the property for gastronomical purposes, it could be done without any big problems !
The owner is in possession of his own, personal, state „alcohol license“, the so-called „Concession hors nombre de pleinexercice“.
By merit of this alcohol license, the localities have been classified as „public interest“ by the special commission of the Luxembourgish State Council.
Because of the said alcohol license, the owner is completely and absolutely contract free from any brewery, national or international .
Knowing that here in Luxembourg, a lion’s share of alcohol licenses are exclusively in possession of the local breweries, it is easy to imagine what value such an „own license“ has !
The following terms and conditions have been arranged in writing with a Luxembourgish brewery, with no minimum sales of any manner or other negative conditions .
These terms and conditions can be terminated by the owner at any time, without advance notice, other periods, motives or pretexts and without the slightest damage claims by the brewery !
Here are just three of several advantages verifiable by signed contracts :
1)Refund / rebate of 29 % on the net purchase price of all beer products of the brewery, immediately deductible at every purchase on the respective bill;