In the immediate proximity of Ambiorix Square and the European Institutions. Building of 5 flats + 1 storage unit on a 1a 95 ca plot.
The building has a gross floor area of 495 sqm and is spread over 5 levels (front and rear buildings):
Entrance hall giving access to a street-front building and a rear building.
Street-front building :
Ground floor (92 sqm gross floor area) : a 60 sqm flat : living room (18 sqm), fitted kitchen (8 sqm), a 16 sqm bedroom with shower room (and mezzanine for sleeping area), separate WC and an 18 sqm bedroom with shower room. This lot is currently rented for €1,100/month (shared use of €550 per room).
1st floor (62 sqm gross floor area) : 55 sqm flat : entrance hall with cloakroom, living area comprising a lounge with open-plan kitchen (26 sqm), 1 bedroom (13 sqm) with Italian shower room and WC. This apartment is currently rented for €840/month.
2nd floor (62 sqm gross floor area) : 55 sqm flat : entrance hall with cloakroom, living area comprising a lounge with open-plan kitchen (26 sqm), 1 bedroom (13 sqm) with Italian shower room and WC. This apartment is currently rented for €830/month.
3rd floor + attic (78 sqm gross floor area) : duplex flat (± 70 sqm): this duplex apartment comprises an entrance hall, living area with fitted kitchen (25 sqm), bathroom with WC, 1 bedroom (14 sqm) and an attic converted into a bedroom (15 sqm). This lot is currently rented for €920/month.
Building to the rear :
A warehouse (± 48 sqm) : currently used to store furniture. This lot is currently rented for €350/month.
A duplex apartment (± 72 sqm) : entrance hall (16 sqm) with utility room and separate WC on the ground floor. 1st floor: 33 sqm living area with super-equipped open-plan kitchen, bedrooms (15 m²) with shower room. Separate WC. This lot is rented for €875/month.
General boiler for the ground, 1st and 2nd floors. Individual boilers for the duplex and 3rd floor.
Monthly income (total rent) : €4,915/month.
Net yield : 4.4% (deed in hand and rent calculated over 10 months per year). An excellent investment opportunity !
From a planning point of view, the building has not been divided and is occupied in 6 separate units (de facto situation).
EPC certificate pending.
Electricity not compliant.
Cadastral income: €1,736
Property tax: €1,833
