Downtown – building with garage and huge potential

Beschrijving

Ideally located in the heart of Brussels, between the Grand-Place and the Midi Station, facing the Royal Academy of Fine Arts of Brussels, this characterful mixed-use building represents a rare opportunity for investors and developers seeking a property with significant potential for value appreciation. Subject to obtaining the necessary planning permission, the building offers remarkable potential for height extension, both at the front and rear, thanks to its dual orientation between Rue du Midi and Rue Van Helmont. The property currently comprises a commercial ground floor, three apartments, an attic and cellars. Each apartment features a spacious living room, a separate kitchen, a large bedroom and a bathroom, as well as a utility room (with the exception of the third-floor apartment). The second-floor apartment was fully renovated in 2022. The top-floor apartment also benefits from direct access to the attic. A double garage completes the property. This can be used as a workroom linked to the ground-floor business, as a private garage, or converted into a large bicycle storage area as part of a renovation project. The existing cellars easily allow for the creation of private cellars for each of the units. The building is currently fully let, with the exception of the first floor, and generates a current monthly rental income of approximately €3,930. Renovation and realising the potential for height extension would allow for a significant increase in rental income. Heating is provided by a communal oil-fired boiler serving the apartments. From a technical perspective, the electrical installations in the common areas and on the first and third floors need to be made compliant with current regulations. EPC rating: E for the first floor and G for the second and third floors. A building offering a strategic location, immediate income and exceptional development potential, ideal for a long-term investment or a renovation project with high added value. This is a non-binding advertisement and does not constitute an offer. The owners reserve the right to decide whether or not to accept any offer(s) submitted for their property.