Investment property for sale - Tournai VBD01254

Construction elements:
Exterior facing: bricks and stone
Roof: 4 slopes
Covering: slate
Between floors: concrete floor throughout
Exterior joinery: double glazing (new frames)
Heating system: town gas central heating, gas convector in each dwelling
Hot water production: individual boiler in each dwelling (Vaillant brand)

Connections:
Town water meter: 2 meters (1 for the ground floor; 1 for 3 levels)
Electricity meters: 1 meter with a down-meter for the ground floor
Gas meter: 2 meters (1 for the ground floor; 1 for the 3 levels)
Planning permit: yes in order
Fire control panel with fire detectors
Drainage: yes
Telephone / internet / cable television: yes

Details of the 4 parts:

Ground floor:

1) Composition: A commercial space of 54 m² with showroom, a back room, a kitchen, a terrace and WC.
Expected rent: €650/month
Rented: no

First floor:

2) Composition: A beautiful 54 m² apartment with a hall serving the living room, a bathroom, a bedroom and a terrace.
Kitchen equipment: furniture, sink, hood, electric hob
Sanitary equipment: shower and WC
Expected rent: €500/month
Rented: no

Second floor:

3) Composition: A 46 m² apartment with a hall serving the living room, a bathroom, a bedroom.
Sanitary equipment: shower and WC
Expected rent: €450/month
Rented: no

Third floor:

4) Composition: A 46 m² apartment with a hall serving the living room, a shower room, a bedroom.
Kitchen equipment: furniture, sink, hood, electric hob
Sanitary equipment: shower and toilet
Expected rent: €450/month
Rented: no

Location:
Main roads: E42 10 minutes away
Shops: Colruyt, city center
Public transport: SNCB 10 min away, bus in the street

Annexes:
Peb: 2023
Planning permit: Building in urban planning order
All documents available on request.

Potential yield calculation:
Monthly rent: €2,050
Gross annual rent: €24,600
Fees, property tax, rental unemployment risk: 20%
Net annual rent: €19,680

Purchase price: €399,000
Purchase costs %: 15.5%
Purchase costs (euro): €61,845
Total price: €460,845
Other work required (refreshment): €30,000
Total budget: €490,845

Net profitability: +/- 4.01%

Advertisement of a non-contractual nature and not constituting an offer.
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