Residence for sale - Antwerp RBU26878

Discover a remarkable investment opportunity in the heart of Antwerp with this residence located at Vondelstraat 23, priced at €485,000. This property presents an attractive prospect for those willing to invest time and effort into transforming a building with significant potential. Currently in a state that requires complete renovation, the property comprises approximately 299 m² of habitable space and is fully rented, generating a total monthly income of €3,292. The building includes a commercial unit and three residential apartments, with two featuring two bedrooms and one with a single bedroom. While the property is presently in a vintage condition and energetically outdated, it offers a solid foundation for future development, especially considering its existing rental income and strategic location. The property is listed as not currently occupied, and despite its current condition, it holds considerable promise for investors seeking a project with immediate cash flow and long-term value appreciation. The building's layout includes two facades, and it is situated in a zone without specific urban planning restrictions amounting to overflooding concerns. It is important to note that the property is fully rented, which guarantees an attractive income stream from day one, with an estimated gross yield of approximately 6.06%. The property benefits from double-glazed windows and has no specified heating system, making it a candidate for energy upgrades that could further enhance its value and efficiency. Located in a central part of Antwerp, this property combines the appeal of an established rental income with the opportunity to develop and modernize in line with market demands. The building's detailed planning status includes a pre-emptive right, and it is not situated in a flood-prone area or protected environment. This ensures peace of mind regarding potential environmental restrictions or hazards. For investors looking to capitalize on Antwerp’s vibrant real estate market through a practical renovation project with immediate income, this opportunity deserves serious consideration. Contact One Vastgoed today at Tel 03 360 85 30 to explore this promising investment further and take the first step toward transforming this property into a lucrative asset.

* This text was generated using an artificial intelligence.

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