Apartment block for sale

Apartment building with 3 rented apartments and 3 garages,

Just a stone's throw from the Saint Peter's Station, in a residential street, we are offering a building that rarely comes to market: a fully owned apartment building with three apartments of 73 m² each and three garages.

All three apartments have the same thoughtful layout with two bedrooms. At the front is the living area with a semi-open fitted kitchen. At the back are the two bedrooms, and centrally you will find a practical storage room and a bathroom with a shower, toilet, and sink. Each apartment has its own central heating powered by natural gas, so consumption and costs are fully settled per tenant.

Through the passageway, you access the three garages: one under the building and two separate from the main building. Each apartment is rented out with a garage, in an urban area where parking is scarce.

The building is fully permitted and constructed in accordance with the permit. It has not yet been divided but can easily be split into three separate apartments, each with a garage. This keeps all options open: you can retain the building as a whole in your portfolio or sell it per apartment in the future.

The building is fully rented out with three active lease agreements, generating a rental income of €2,493.19 per month or €29,918.28 per year. One lease has been in place since 1999 and is clearly below the current market level, providing room for rental growth over time.

Train, tram, the UGent campuses, and the city center are within easy reach.

Price: €850,000 | EPC: B & C (253, 238, 152 kWh/m² per apartment, [unique codes] | Urban planning info: permitted, residential area designation, P-score B/G-score A, no summons, pre-emption right

Interested in this apartment building? Contact Wolff Vastgoed at 09 221 11 06 or schedule a visit.