Apartment block for sale

Saint-Martin – Apartment Building

Between Namur and Charleroi – Investment Property with 7 Recognised Units

Ideally located in Saint-Martin, between Namur and Charleroi, this investment property comprising 7 officially recognised units represents an attractive opportunity for investors looking for a property generating immediate rental income.

The property consists of 6 apartments spread over three floors, as well as a duplex located in an annex.

Each floor comprises two one-bedroom apartments, each consisting of a living/dining room, kitchen, bathroom and bedroom.

The annex houses a seventh unit in the form of a two-bedroom duplex, also comprising a living room, kitchen and bathroom, and benefiting from its own private entrance.

The 6 apartments in the main building are currently covered by an agreement with an AIS (Social Rental Agency), providing attractive rental security, including guaranteed rent even in the event of vacancy.

The future owner may choose to continue this collaboration with the AIS or, subject to the terms of the current agreement, return to traditional rental management.

The duplex in the annex is managed independently from the AIS.

Key figures:

Current rental income: €3,600/month
Annual rental income: €43,200
Asking price: €700,000
Gross rental yield: ± 6.2%
EPC ratings: C, D and E, depending on the unit

A particularly attractive opportunity for an investor looking to acquire an income-generating property that is already operational, combining immediate rental income, rental security and diversification across several units.

Full documentation, rental information and viewings available upon request.

More information: www.jj-properties.be
J&J Ref.: 7798059