Closed garage for sale

Renovated garage complex with 20 units at excellent location

17 garages + 1 warehouse 25m² + 1 bicycle shed + 1 parking space.

This garage complex is located in one of the most beautiful and quiet streets of Merksem, Schoten border, where street parking is chargeable.

Rental yield is 4,7% gross, 5% is possible.

These garages were built in 1963, with the floor and roof made of concrete and brick walls. The complex was completely renovated and equipped with:
- New paving of the driveway and square with concrete pavers
- New Hörmann up-and-over doors & very solid aluminum roller doors
- New roofing 5mm thick + ventilation
- Solar energy lighting
- New rain drainage.

Additional advantages:
- residential neighborhood with a shortage of garages & storage rooms.
- always rented smoothly & long-term to people from the area
- 80% of tenants have been renting for more than 5 years, some for more than 20 years!
- never vacant
- there are no major costs in the next 40+ years
- you become 100% owner of a 513m² plot in Antwerp city
- no common costs
- no utilities, no costs, no worries
- the large roof offers the opportunity to install solar panels and provide the bicycle, motorcycle and vehicle fleet of the future with its own energy.
- you buy directly from owner who has been using a few boxes for years and wants to continue renting.

OPTION to purchase the house on the street for 214.000€. Separate plot of 70m², habitable space 170m², 5 bedrooms, 2 ateliers & 2 storage rooms! After renovation, this house yields €1,900/m.

NO IMMO please!