This investment property located at Devant Menil 3 in Arbrefontaine offers a remarkable opportunity for buyers seeking a versatile real estate asset in a rural setting, yet conveniently positioned just 15 minutes from the E25 highway. Originally constructed in 1989 as an industrial building, the structure spans approximately 760 m² per floor across three floors and has been converted into a residential complex comprising 10 apartments or duplexes. These units vary in size, featuring between one and four bedrooms, and each benefits from access to either a terrace or a private garden. The property boasts a total of 20 bedrooms and includes nine bathrooms, one shower cabin, and eleven toilets, providing ample accommodation options. Additionally, there are spacious attics suitable for further development and garages covering the entire footprint, with six indoor parking spaces complemented by six outdoor parking spots. The entire site covers a generous 3,111 m² with both communal and private gardens, along with a dedicated parking area. The building currently has five units occupied and is sold at the price of €270,000. It is important to note that the property requires renovation work to bring it up to current standards, as the initial urban permit only allows for four residential units, while there are ten units present. The heating system relies on a communal oil boiler with a capacity under 3,000 liters, water is supplied from a shared well, and although each apartment has separate electric meters, the electrical setup is not compliant with regulations. Prospective investors should carefully review the first 12 pages of the conditions document outlining specific requirements and restrictions before proceeding. The property benefits from double-glazed windows and connection to municipal sewage systems. The cadastral income is listed at €4,026, and the building’s specific primary energy consumption stands at 730 kWh/m²/year according to its EPC certificate. Set in the peaceful environment of Arbrefontaine, this property balances countryside tranquility with accessibility to major transport routes, making it suitable for those interested in a multi-unit residential investment close to Flanders’ road network. Immediate availability ensures that interested parties can initiate their plans without delay. Given the scale of the property and its potential for adaptation or redevelopment subject to permits and renovation work, this estate represents a unique proposition within this region. For further information or to schedule a visit, please contact us promptly to explore all possibilities this distinctive investment has to offer. Want to know more?
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