Investment property in need of renovation — permit granted

Beschrijving

A true opportunity for investors and those who appreciate well-designed projects: MYIMMO presents an investment property with strong potential, ideally located in a sought-after neighborhood of Etterbeek, just a stone’s throw from Ixelles, on a quiet and desirable street. Current Status: Currently classified as an investment property, the property consists of three one-bedroom apartments (one per floor) and features a garden, for a total gross floor area of approximately 176 m² (according to the Energy Performance Certificate), excluding basements. In its current condition, it requires significant renovation—the perfect opportunity to add value. The Project: A building permit has been granted to completely renovate the property and redesign its structure, notably by raising the roof. The result will still be three recognized units, but fully transformed and modernized into: - A 2-bedroom souplex with a garden - A 1-bedroom apartment - A 3-bedroom duplex with a terrace - A shared bike storage area in the basement After completion of the work, you will have an investment property in like-new condition with a gross floor area of approximately 295 m² (according to the permit plans), including basements. The permit is valid until November 12, 2027. Investment potential according to our estimates: Gross rental yield: ±5.6% Gross resale yield upon sale as separate units (unit by unit): ±30% Information & viewings: [email protected] – 02 356 22 20