Investment opportunity in a prime location in the European Q

Description

Prime Investment Opportunity in the Heart of the European Quarter. Income-Producing Property with Four Apartments and Significant Value-Add Potential Ideally located on Rue de Spa, in the immediate vicinity of the European Quarter, this attractive investment property offers an outstanding opportunity for investors. Its strategic location, within walking distance of the European institutions, public transport, shops and all daily amenities, ensures a consistently strong rental demand, making this property a secure and future-proof investment. The building offers a total gross floor area of approximately 492 m², including the basement and attic levels, and comprises four residential apartments. The ground-floor apartment, measuring approximately 98 m², benefits from a sunny private garden and is currently owner-occupied, meaning it will be delivered vacant upon completion of the sale. The first-floor apartment offers two bedrooms and approximately 94 m² of living space. The second floor comprises a one-bedroom apartment of approximately 71 m², while the third floor features another one-bedroom apartment of approximately 74 m². In addition to the existing apartments, the property benefits from a spacious undeveloped attic, offering attractive development and value-enhancement opportunities, subject to obtaining the necessary planning permissions. The basement, extending to approximately 100 m², provides substantial storage space and additional functional possibilities. The building is generally well maintained and is equipped with gas-oil central heating. The electrical installation is not compliant with current regulations. Energy Performance Certificates (EPC) range from D to G (D, E, E and G). An additional asset is the availability of a secure double garage with extra storage space, located within walking distance of the property and available for an additional purchase price of € 50,000. Off-street parking is particularly scarce in this highly sought-after area, making this a valuable feature for both owners and tenants. Combining an exceptional location, a total gross floor area of 492 m², immediate rental income, a vacant ground-floor apartment, future development potential through the attic conversion and the option to acquire a double garage, this income-producing property represents an outstanding investment opportunity with attractive returns and significant long-term capital appreciation potential.