Investment property ±400m² - 3.79a- Terrace ±100m²

Description

HERMANN-DEBROUX – IDEAL INVESTMENT – FULLY LET INCOME-PRODUCING PROPERTY Attractive 3-fronted building of approx. 400 m², set on a plot of 3.79 ares, featuring in particular a large south-west facing terrace of approx. 100 m², and currently let in its entirety under a commercial hospitality lease. Originally a single-family house, the property was granted planning permission in 1996 for the conversion of the ground floor and first floor into a restaurant. The current planning information therefore records the ground floor and first floor as restaurant use, and the second floor as attic space. The rent is temporarily set at €3,500/month until 31 December 2026. As from 1 January 2027, it will revert to the last indexed rent of €4,007.70/month, i.e. €48,092.40/year, corresponding to a gross rental yield of approx. 6.05% on the asking price of €795,000. ACGO’s 2024 accounts already recorded annual rental income of €48,092.40. For investors interested in an alternative acquisition structure, the purchase of the shares of the property-owning company ACGO SA may also be considered. Accounting and financial information, as well as the relevant conditions, are available on request, subject to agreement between the parties. The current commercial lease commenced on 01/07/2021 for a period of 9 years. It also contains provisions relating to the sale of the property and the possible recovery of the premises in the cases and under the conditions provided for in the lease. A future takeover of the premises for the purchaser’s own commercial operation may therefore be considered, subject to compliance with the applicable contractual and legal conditions.