Trading house with 6 student rooms - VERGUND

Description

On a central and coveted location at the Paardenmarkt in Antwerp, this interesting investment property consisting of student rooms with commercial ground floor is located. On the ground floor there is a commercial building of approx. 20 m² with its own entrance on the Paardenmarkt, which ensures good visibility and commercial appeal. The students have a completely separate entrance via the side street. This access leads to a neat entrance hall where utilities are discreetly housed in a closet and where a beautiful spiral staircase provides access to the upper floors. The student rooms are located on the first, second and third floors, two rooms per floor each. Each room has its own kitchenette and private shower. There is also a shared toilet on each floor. The property is offered completely free of tenants: both the six student rooms and the commercial premises are currently unrented. The estimated rental potential is approx. €750 per month for the commercial property and approx. €500 per month per student room, representing a total potential rental income of approx. €45,000 per year. At an asking price of €639,000, this results in a gross return of approximately 7%. The proximity to the University of Antwerp, public transport, stores and restaurants makes this property particularly attractive as a yield property.