Investment property

Description

Located on a square in Mariembourg, right next to downtown and across from the train station, this investment property in need of renovation enjoys an attractive location and offers excellent investment potential. The property complex consists of a main building containing two studio apartments and two one-bedroom apartments, as well as an additional one-bedroom apartment located in the adjacent building. An attic that is currently off-limits also offers additional development potential, subject to obtaining the necessary permits. From a technical standpoint, the property features oil-fired central heating, two electricity meters—one shared by the four units in the main building and one for the adjacent unit—as well as a single water meter shared by the entire complex. The electrical systems do not comply with current standards. The units in the main building have an energy performance rating of G, while the adjacent apartment has a rating of E. The four units in the main building are currently vacant, while the adjacent apartment is occupied. The property has been used for residential purposes since 1998. However, urban planning regularization is required to bring the existing situation into compliance. The units are also subject to a rental permit. Renovation and compliance work is necessary. The potential gross rental income is estimated at €2,365/month, or €28,380/year, subject to the completion of the work and the obtaining of the necessary permits. Asking price: €190,000. This description is provided for informational purposes only and is not binding.