Mixed-use building for sale

1990000€

11 bedrooms 545 square meters

Immoweb code : 21950906
Immoweb code : 21950906

Overview

11 bedrooms
9 bathrooms
545 square meters livable space

Description

MIXED-USE INVESTMENT PROPERTY – 11-BEDROOM CO-LIVING PROJECT – POTENTIAL YIELD ± 7%

**PRICE: €1,990,000**

IMMO2GETHER presents this **mixed-use investment property of approximately 614 m²**, comprising a ground-floor commercial unit let to **FINTRO** and two flats sold in **shell** condition, with a planning application currently pending for a **co-living project comprising 11 bedrooms and 9 bathrooms** .

**LAYOUT:**

- Dry cellars: approx. 138 m².

- Commercial ground floor: approx. 138 m², let at €5,500 per month.

- Flat 1: approx. 158 m², potential for 5 bedrooms.

- Flat 2: approx. 180 m², potential for 6 bedrooms.

**RENTAL POTENTIAL:**

Current commercial income: **€66,000 per year**.

Projected residential income: **€99,000 per year** (11 bedrooms at €750 per month).

**Potential combined rental income: €165,000 per year.**

**RENOVATION WORK AND RETURN:**

Roof completely re-roofed and insulated; window frames replaced. Flats sold as shell-only properties, with an estimated budget for project completion of **approximately €365,000**.

Total investment estimated at **€2,355,000 excluding purchase costs**, offering a **potential gross rental yield of ± 7% after renovation**.

**An investment opportunity combining immediate income, rental potential and capital appreciation.**

Enquiries and viewings: **IMMO2GETHER – 02/430.24.87**.

*Co-living project subject to planning permission being granted. Projected residential rental income is not guaranteed. Theoretical gross yield excluding acquisition costs and service charges.**

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