Garage for sale

Description

Description Discover an exceptional investment opportunity in the heart of Tournai with this listing of 37 garages, all currently leased, located in a highly sought-after district. Situated in the vibrant neighborhood of La Culture on Rue Aimable Dutrieux, this property benefits from a strong rental demand due to a significant shortage of parking facilities for nearby residences. Spread across a total land area of approximately 2,689 square meters, these garages generate a stable and secure income stream, making them an attractive addition to any portfolio. Each garage is consistently rented at an average monthly fee of €72, resulting in a total monthly revenue of €2,664 and an annual income of €31,968. The overall asking price for this portfolio is €700,000, which translates to about €19,000 per garage—considerably below the local average market price of approximately €25,000 for covered garages in Tournai. This discrepancy underscores the potential for future value appreciation or rental increase, further enhancing the attractiveness of this investment. The property benefits from an excellent location with proximity to major thoroughfares and the city center of Tournai, ensuring easy access and high visibility. The area is characterized by its strong rental market and low maintenance costs, thanks to the durable nature of the garages built in 1990. Additionally, the large parcel includes a charming orchard featuring various fruit-bearing trees and plantings, providing a green oasis within the urban environment. The neighborhood's stability, combined with the potential for increased revenues and appreciation, makes this offering especially appealing for investors seeking reliable income streams with minimal immediate management. Whether considering long-term capital growth or steady cash flow, this portfolio offers a uniquely favorable profile within the local real estate landscape. If you are interested in expanding your real estate investments or seeking a secure, income-generating asset in Tournai, this opportunity deserves your attention. Contact us today to arrange a viewing or receive more detailed information about this portfolio of 37 garages—an asset that combines location, stability, and growth potential in one compelling package. With its strategic position and strong rental performance, this property represents a rare chance to acquire a well-maintained, income-producing real estate portfolio in one of Belgium’s vibrant cities. * This text was generated using an artificial intelligence. Show all Show less