Garage for sale - Roeselare RWC41183

Discover a fantastic investment opportunity with this set of three garages located in the heart of Roeselare. Situated at Iepersestraat 89, this property comprises three well-maintained garage boxes within a complex that houses a total of 16 units. Each garage is currently rented out, generating a stable and attractive income stream. The combined monthly rental income from these three garages amounts to €236, with rentals of €74, €87, and €75 respectively. This translates into a gross yield of approximately 5.24%, making it particularly appealing for investors seeking reliable cash flow within the Belgian property market. The garages themselves each offer a practical space of around 20 square meters, providing ample room for parking or storage solutions. While they do not feature advanced security measures such as alarms or secure doors, they are adequately maintained and suitable for tenants looking for convenient parking options in Roeselare. The property benefits from basic utilities connections, although water and electrical installations are not presently available. The monthly maintenance costs are modest, approximately €60, which help preserve the condition of the garages and ensure ongoing usability. The financial details reveal a cadastral income of €252, with annual taxes amounting to €311, alongside VME costs of €412. After accounting for expenses, the net rental return stands at approximately 3.91%, offering an attractive return for investors. Located in a strategic part of Roeselare, this investment property combines accessibility with practicality. The area is free from flooding risks and does not fall within protected zones or special environmental restrictions, simplifying ownership and potential future developments. The garages are available immediately upon signing the deed, presenting an excellent opportunity for those looking to expand their portfolio or generate stable rental income in Belgium's vibrant real estate market. Priced at €54,000, this property represents a sound investment with steady cash flow and manageable costs. Interested buyers are encouraged to contact us for further information or to arrange a visit and explore this promising opportunity firsthand.

* This text was generated using an artificial intelligence.

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