Investment property for sale - Elsene VBD42611

Discover a prime investment opportunity in the heart of Elsene, a vibrant and highly sought-after district. This exceptional property is an impressive commercial and residential complex that offers a total surface area of approximately 585 m², with around 485 m² of habitable space. Built in the 1920s, this well-maintained building comprises seven rental units alongside a commercial space currently operated as a restaurant. Its strategic location, just a stone's throw from Porte de Namur and only 70 meters from the metro station, places it within a bustling neighborhood nestled between the city center and European institutions. This proximity to transit, shops, and lively urban amenities makes it an ideal choice for investors seeking a high-yield, long-term asset in Brussels. The property benefits from a solid rental income of €8,100 per month, which equates to €97,200 annually. With some modern renovations and potential for rent increases, there is considerable scope to enhance its profitability further. The building's robust construction allows for possible vertical extensions, subject to urban planning approval, adding extra value to this already attractive investment. The property's layout includes a commercial ground floor of approximately 108 m² that enhances its versatility and appeal. Above, the building features four floors with apartments that vary slightly in configuration but collectively offer seven bedrooms and seven bathrooms, ensuring ample accommodation options. Each apartment consists of either one or two rooms and is currently rented out, providing stable cash flow for investors. The interiors are functional, with gas heating throughout, and the building features two facades and a total plot size of 160 m². The infrastructure has been kept in good condition; the roof is amidst renovation work, with half already completed, although the boiler will need replacing soon. Situated in a strategic neighborhood close to major European institutions and local amenities, this property offers not only immediate rental income but also significant growth potential through rent revaluation and possible expansion. Elsene is renowned for its vibrant atmosphere, excellent connectivity, and demand for high-quality rental properties. This complex combines these advantages with its excellent location and long-term development prospects. Whether you're an experienced investor or looking to expand your portfolio in Brussels, this property presents a rare opportunity to secure a substantial asset in a highly desirable area. With stable income streams and future potential for increased returns, it is an attractive choice for those seeking both immediate cash flow and appreciation over time. Contact us today to arrange a viewing or for further information on this outstanding investment property in Elsene.

* This text was generated using an artificial intelligence.

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