Apartment for sale

37 m² Studio to be created – Permit granted

Cap Sud Namur offers an attractive investment opportunity located on the first floor of a residence with lift. The property currently consists of two separate office units, both rented and used as studios with the possibility of domicile registration. The units are almost identical in size, measuring 18 m² and 19 m² respectively, for a total surface area of 37.32 m². Each unit is equipped with a private kitchenette and its own shower. The toilets are communal and located in the hall, shared with several other studios within the residence. Both units benefit from an energy performance certificate rated C and compliant electrical installations.
From an urban planning perspective, the properties are currently officially registered as offices. A planning permit was granted by the municipality on April 9th, 2024, authorising the conversion of the two office units into a single studio. This permit is valid for a period of five years, meaning that the works must be carried out within this timeframe. Architectural plans and the approved project are available.
The units are currently rented for a total monthly rent of €680, to which €140 of charges are added, covering water provision, heating and maintenance of the common areas. Electricity is metered individually. Subject to a few modifications and in accordance with the granted permit, the property can be converted into a spacious and comfortable studio, offering excellent rental yield potential.