Apartment block for sale

BARRIRE DE SAINT-GILLES - VERY ATTRACTIVE INVESTMENT PROPERT

ERA CHATELAIN offers you this very attractive apartment building located in Forest near the Barrière de Saint Gilles, with a surface area of around 1000 m².

Its geographical location is ideally situated close to all amenities and green spaces such as Duden Park and Forest Park. 

The location, which has been recognised by the town planning authorities, would allow the creation of 8 homes, divided into 1 3-bedroom penthouse and 7 2-bedroom flats. Planning permission has yet to be granted.

The current situation comprises 9 2-bedroom flats.

Each flat has its own cellar, and there is also a large bicycle storage area.

 

Technical features: lift to standard, new individual boiler for each flat, double glazing. 

The ground floor flat has been completely renovated and has a city garden. The other 7 flats require renovation work.

Current rental income is €88,000/year.

Rental income after works is €120,000/year.

Low withholding tax of €4,420.

The property is ideal for a long-term investment with guaranteed added value in a gentrifying area just 5 minutes by car from the Parvis de St Gilles and 10 minutes from the Châtelain. 

Ask for your personalised visit with Michael info and tours: +32 2 535 98 98.