Apartment block for sale

Morichar / Parme – Corner building, ±605 m²

Saint-Gilles – Morichar / Parme, Rêvimmo Brussels presents an off-market investment opportunity: a corner building sold as a whole with a total surface area of approximately 605 m². On the Place Morichar side, the building to be renovated consists of a commercial ground floor and four apartments of approximately 120 m² each, as well as a top floor under the roof whose urban planning recognition is currently being verified. On the Rue de Parme side, there is a fully renovated and completely independent unit, officially recognized as a residential property with a duplex office (ground floor + first floor) of approximately 120 m². The ground floor features a living area with lounge, dining room and open kitchen with access to a courtyard. The basement offers three spacious rooms, one of which is recognized as an office, as well as cellars and a laundry room. Upstairs there are two large bedrooms, an office and a bathroom with WC. The first and second floors are compliant, the EPC ratings range from F to G and the electrical installation is compliant. The current rental income amounts to €50,604 per year, representing a gross yield of approximately 2.9%, with optimization potential up to approximately €103,200 per year (≈ 6%) after repositioning the rents. Located in the dynamic Saint-Gilles district, the property benefits from excellent rental attractiveness. Agency commission of 1.5% excl. VAT payable by the buyer. Information and visits by appointment — Rêvimmo Brussels | 02/217.00.32 | [email protected]