Investment property for sale - Schaarbeek RBU30212

Discover a remarkable investment opportunity in the vibrant district of Schaarbeek with this versatile property listed at €689,000. This building, dating back to before 1900, presents an excellent canvas for renovation and redevelopment. With a gross area of approximately 595 m², it combines commercial, residential, and productive usage spaces, offering a wealth of potential for investors or developers seeking a property with substantial growth prospects. The structure is divided into two main buildings, each with distinct features, and includes various ancillary spaces that add to its versatility. The front building features a large commercial space, previously used as a medical center, spanning around 130 m² on the ground floor, complemented by two recognized residential units of approximately 70 m² each, situated on the first and second floors. Additionally, there are cellar spaces of around 60 m² in the basement, providing ample storage options. The rear building offers auxiliary spaces including a polyvalent hall of approximately 100 m² and two floors currently arranged as two separate homes but recognized as productive activity units. This layout lends itself to multiple renovation pathways or conversion projects. The property is equipped with practical features conducive to renovation and future development. Double glazing in PVC and/or wood helps improve insulation while individual water meters ensure efficiency. The heating system is oil-based, providing reliable warmth, although the property’s condition indicates significant renovation work is necessary to bring it to modern standards. Notably, the building boasts excellent potential for increased unit density subject to obtaining the necessary permits from local authorities, making it particularly attractive for those looking to maximize land use and rental income. The structure benefits from partially insulated roofing and the possibility of increasing the number of units after proper authorization, offering investors flexibility for future modifications. The property is immediately available for acquisition and is sold without VAT, with clear legal standing regarding its occupancy and renovation status. Situated in a neighborhood rich with amenities and convenient access to main roads, this property stands out as an excellent investment in Schaarbeek. Its proximity to shops, essential services, and transport links enhances its appeal for both redevelopment and rental purposes. The building’s EPC rating is G with a primary energy consumption of 702 kWh/m² per year, indicating room for energy efficiency improvements through renovation. The property’s strategic location and substantial size make it ideal for those seeking a project with significant potential for value enhancement. For professional advice, viewing appointments, or further information, interested parties are encouraged to contact their real estate agents promptly. This is a unique chance to acquire a versatile and promising property that can be transformed into a landmark project in this dynamic part of Brussels.

* This text was generated using an artificial intelligence.

Show all Show less