Residence for sale - Namur VWD14664

Discover an exceptional investment opportunity in the charming city of Namur with this impressive property located at avenue Leopold II 9. Priced at €850,000, this residential building is a prime asset for investors seeking a reliable income stream in one of Belgium’s most sought-after university towns. With a total living area of approximately 276 m² and a gross internal usable surface of around 300 m², this three-story building boasts a strategic location just ten minutes’ walk from the faculties and the vibrant city center of Namur. The property’s layout is thoughtfully designed to maximize rental income, featuring twelve student dormitory rooms (kots), each with access to shared communal spaces, including a well-equipped kitchen in the basement, communal bathrooms with showers and toilets on each floor, and common areas that foster a social and comfortable living environment. The building’s exterior is constructed using traditional brickwork, providing durability and classic Belgian charm. The roof is well-maintained with annual inspections, ensuring long-term structural integrity, while insulation conforms to standards suitable for a semi-detached house, utilizing rock wool and MDF beneath the roof. The facade features simple glazing at the front and double glazing at the rear, enhancing energy efficiency and comfort for tenants. Heating is provided via a gas-fired central boiler dating back to the 1990s, which remains fully operational. Internet connectivity is modernized with fiber optic lines, supporting contemporary living needs. Outside, a modest terrace of about 8 m² and a garden of roughly 45 m² contribute to outdoor amenity space, making the property even more attractive to tenants. From an investment perspective, this property is a highly attractive opportunity with current annual rental incomes totalling €52,320 and net realistic revenues estimated at €48,000 after expenses. The occupancy rate is 100%, underlining the high demand for student and social housing in this area. The gross yield stands at approximately 7%, with room for further enhancement through targeted renovations such as double glazing on the facade, upgrading the boiler, or updating energy performance certificates (PEB). Additionally, the sale structure offers fiscal advantages—such as reset depreciation—making it particularly appealing for professional investors. Situated in a highly strategic location close to universities and city amenities, this property promises strong rental demand and stable income potential. Whether you seek a secure long-term investment or an expanding portfolio in Belgium’s dynamic real estate market, this Namur property presents an exceptional opportunity to capitalize on the thriving student rental sector. Contact us today to arrange a viewing or further discuss this lucrative real estate asset.

* This text was generated using an artificial intelligence.

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