Leased apartment building

Licensed and fully leased apartment building with a yield of 6.7% (The tenant is responsible for all costs of the building)! The building (concrete construction) was completely gutted and renovated in 2023 and consists of 18 furnished studio's with an average living area of 24m² (450m² in total) and a basement (licensed as a garage/warehouse) of approx. 300m². The basement is accessible from the street via an automatic sectional door. The studio's, spread over 3 floors, are very qualitatively finished with an open kitchen and separate bathroom. 9 studio's even feature spacious terraces! The kitchen is equipped with a small dishwasher, induction hob with extractor hood, combination oven, refrigerator with freezer and sink with faucet. The bathroom has a rain shower, sink unit, toilet and heated drying rack. On the ground floor is a laundry room with connection for a washing machine and dryer (the current appliances belong to the tenant). Heating is collective via a newly installed high efficiency boiler, water and electricity is via private meters. Sanitary and electrical installations have been completely renewed! There is no elevator.

Layout furnished studio's

• Living room on maintenance friendly parquet tile with adjacent open kitchen. All studio's at the rear have their own private terrace!
• The high-quality kitchens are equipped with refrigerator, oven, induction cooker with extractor hood, dishwasher and sink with faucet.
• The well-appointed bathrooms have marble-look tiles and are equipped with a walk-in shower, sink cabinet with mirror and toilet.
• The studio's are very quality furnished!

Warehouse (basement) front building

• Surface area approx. 300m².

The concrete building from the '60s has been completely gutted and renovated, including:

• New bathrooms and kitchens;
• New electrical installation;
• New plumbing and HR heating system (collective);
• New HR windows;
• New stone floors (parquet-look in living areas, marble-look in wet room);

General information

• The studio's and basement are rented by 1 tenant through a contract of common law concluded for 9 years. The tenant is responsible for all costs associated with the building.
• Term: 01/09/2023 - 31/08/2032.
• Annual rental income: EUR 160,493.88.
• Yield: 6,7%!

• No elevator present.
• Electrical inspection compliant.
• EPC label: B
• Asbestos certificate: in application.

Building

• Apartment building consisting of basement, ground floor and 3 floors each with 6 furnished studio's (18 in total).
• In the basement is a warehouse (licensed as cellar/garage) of about 300 m² accessible via separate garage door on the ground floor.
• On the ground floor you have the entrance hall cum stairwell to the studio's on the floors, 1 garage door to the warehouse located behind and 1 garage door to the basement warehouse.
• The back warehouse (built up ca. 360 m²) (licensed as a car depot), accessible through the middle garage door (= easement), does not belong to this property (separate cadastral plot) and can be purchased additionally at 350.000 EUR.

Location

• Extremely convenient location in the center of Antwerp,
• A few minutes by bike from several universities and high schools.
• Easily accessible with roads to Brussels/Netherlands at 10 minutes drive.
• Easy connection to the port of Antwerp.
• MOBISCORE: 9.4/10!

* The information in this prospect is for information purposes only: prospective buyers should make their own business of obtaining, checking and interpreting this information.