Investment property - Commercial

Description

An Investment Opportunity with Growth Potential Commerce-Immo is pleased to present this portfolio of two investment properties located on Edith Cavell Street, in the immediate vicinity of Fré Avenue. Beyond the existing rental income, this complex offers attractive appreciation potential. Neighboring buildings are at least two stories taller, suggesting the possibility of optimizing the structure, subject to obtaining the necessary zoning permits. Building at 197 Edith Cavell Street The building consists of: - Unrestricted commercial space ·Ground floor: ± 30 m² ·Basement: ± 60 m² ·Available for occupancy - One-bedroom studio, currently rented ·1st floor: ± 65 m² ·Rented for 761/month ·9-year primary residence lease (03/01/2019–02/29/2028) ·Energy Performance Rating (PEB): G According to zoning records, the ground floor consists of commercial space and one residential unit. The building features: ·2 gas meters ·1 water meter ·1 electricity meter ·Non-indexed cadastral income: 867 ·Windows: double-glazed ·Heating: 2 individual gas boilers Building at 199 Edith Cavell Street The building consists of: - Commercial space (hospitality sector, unrestricted use) ·Ground floor: ± 45 m² ·Basement: ± 50 m² including a restroom and three storage areas ·Available for immediate occupancy - One-bedroom apartment (rented) ·1st floor: ± 46 m² ·Rented for 886/month ·9-year lease (11/01/2023 – 10/30/2032) ·Energy Performance Rating (PEB): G According to the urban planning records, the building consists of a commercial ground floor and one residential unit. The building features: ·1 gas meter ·1 water meter ·1 electricity meter ·Non-indexed cadastral income: 1,921 ·Windows: double-glazed ·Heating: 2 individual gas boilers Key Features ·Two investment properties sold as a single unit ·Vacant retail spaces ideal for future development ·Sought-after neighborhood near Avenue de Fré ·Potential for development or adding additional stories, subject to zoning approvals ·Surrounding area consists of taller buildings, offering potential for the property’s value appreciation Photos and information are for illustrative purposes only. For further information or to schedule a tour, contact Commerce-Immo at 02 493 29 00 or by email at [email protected].