11-bed investment property, Ixelles

MIXED-USE INVESTMENT PROPERTY – 11-BEDROOM CO-LIVING PROJECT – POTENTIAL YIELD ± 7% **PRICE: €1,990,000** IMMO2GETHER presents this **mixed-use investment property of approximately 614 m²**, comprising a ground-floor commercial unit let to **FINTRO** and two flats sold in **shell** condition, with a planning application currently pending for a **co-living project comprising 11 bedrooms and 9 bathrooms** . **LAYOUT:** - Dry cellars: approx. 138 m². - Commercial ground floor: approx. 138 m², let at €5,500 per month. - Flat 1: approx. 158 m², potential for 5 bedrooms. - Flat 2: approx. 180 m², potential for 6 bedrooms. **RENTAL POTENTIAL:** Current commercial income: **€66,000 per year**. Projected residential income: **€99,000 per year** (11 bedrooms at €750 per month). **Potential combined rental income: €165,000 per year.** **RENOVATION WORK AND RETURN:** Roof completely re-roofed and insulated; window frames replaced. Flats sold as shell-only properties, with an estimated budget for project completion of **approximately €365,000**. Total investment estimated at **€2,355,000 excluding purchase costs**, offering a **potential gross rental yield of ± 7% after renovation**. **An investment opportunity combining immediate income, rental potential and capital appreciation.** Enquiries and viewings: **IMMO2GETHER – 02/430.24.87**. *Co-living project subject to planning permission being granted. Projected residential rental income is not guaranteed. Theoretical gross yield excluding acquisition costs and service charges.** Translated with DeepL.com (free version)