Investment property for sale - Turnhout RBU18319

Discover a remarkable investment opportunity in Turnhout with this versatile property situated at De Merodelei 21. Priced at €195,000, this property offers an excellent potential for investors seeking a well-located commercial space with multiple leasing options. Constructed in 1990, the building features a total height of 5 meters and a frontage of 6 meters on a plot with an 11-meter-wide frontage on the busy De Merodelei, ensuring high visibility and excellent exposure to passing traffic. The property is currently not rented, providing a blank canvas for the new owner to develop or lease immediately, with a promising projected rental income of around €1,500 per month, thanks to its strategic positioning. The building's layout, which includes built-in podiums on the front and back, creates additional usable space on the first floor, enhancing its versatility. The interior offers a combined surface of approximately 137 m², divided into two distinct parts—roughly 60 m² plus mezzanine at the front, and about 77 m² plus mezzanine at the rear—each with its own entrance. This configuration allows for separation into two independent commercial units, making it ideal for a variety of tenants such as medical practices, physiotherapists, or other professional services. The possibility of splitting the space adds significant flexibility, enabling either sale or individual leasing of each unit. The property boasts an EPC rating of C, indicating no immediate renovation needs and emphasizing its attractiveness as a turnkey investment. With estimated renovation costs around €35,000 for the façade, the property remains highly appealing; even after renovations, the potential rent from both units could reach approximately €750 and €850 per month respectively, offering an attractive ROI of about 6.5%. Located within a residential zoning area in Turnhout, this property benefits from its strategic placement in a lively urban setting while remaining within a primarily residential district. The absence of flood risks and protected status underscores its stability and ease of development. Its proximity to local amenities and accessibility make it suitable for diverse commercial endeavors. Whether you aim to continue leasing both units or to redevelop part of the property for other uses, this opportunity combines excellent value with promising financial returns. For investors seeking a straightforward purchase in a dynamic location, this property presents a compelling option. Contact us today to arrange a viewing or to learn more about this exceptional investment asset in Turnhout.

* This text was generated using an artificial intelligence.

Show all Show less