9-bed commercial property, Malmedy

Description We Invest Malmedy is pleased to present a rare opportunity right in the heart of the city centre: a former hotel offering significant potential for profitability and value appreciation. The property is currently converted into seven one- or two-bedroom flats, but it is still registered with the planning authorities as a hotel, which allows for easy conversion into a serviced residence or aparthotel. Its spacious entrance hall is a major asset for creating a reception area or a professional reception space. The complex comprises a main building with a façade extending over three storeys above the ground floor, without a lift, as well as spacious cellars. A second building, situated at the rear, extends over two storeys above the ground floor. The property also benefits from an external courtyard, facilitating access to the units at the rear. Several spaces are not currently used as accommodation and offer potential for further development, ideal for creating technical rooms, a bicycle storage area or ancillary services. From a technical perspective, the property has a total floor area of 569.91 m² and features double-glazed PVC windows, compliant electrical installations, separate water and electricity meters, as well as individual electric heating systems in the apartments. The building is currently partially let, offering an immediate return. However, a fire safety inspection will be required should the property be converted back into a hotel. This is therefore a property with high potential, ideal for investors wishing to develop a hotel project, a serviced residence or optimise an investment property in the city centre. Full details and further information available by email - Contact Show all