SPASTRAAT 23 BRUSSEL 1712517

Prime Investment Opportunity in the Heart of the European Quarter. Income-Producing Property with Four Apartments and Significant Value-Add Potential

Ideally located on Rue de Spa, in the immediate vicinity of the European Quarter, this attractive investment property offers an outstanding opportunity for investors seeking a combination of stable rental income, long-term capital preservation and excellent value-add potential. Its strategic location, within walking distance of the European institutions, public transport, shops and all daily amenities, ensures a consistently strong rental demand, making this property a secure and future-proof investment.

The building offers a total gross floor area of approximately 492 m², including the basement and attic levels, and comprises four residential apartments. The ground-floor apartment, measuring approximately 98 m², benefits from a sunny private garden and is currently owner-occupied, meaning it will be delivered vacant upon completion of the sale. The first-floor apartment offers two bedrooms and approximately 94 m² of living space. The second floor comprises a one-bedroom apartment of approximately 71 m², while the third floor features another one-bedroom apartment of approximately 74 m².

In addition to the existing apartments, the property benefits from a spacious undeveloped attic, offering attractive development and value-enhancement opportunities, subject to obtaining the necessary planning permissions. The basement, extending to approximately 100 m², provides substantial storage space and additional functional possibilities.

The building is generally well maintained and is equipped with gas-oil central heating. The electrical installation is not compliant with current regulations. Energy Performance Certificates (EPC) range from D to G (D, E, E and G).

An additional asset is the availability of a secure double garage with extra storage space, located within walking distance of the property and available for an additional purchase price of € 50,000. Off-street parking is particularly scarce in this highly sought-after area, making this a valuable feature for both owners and tenants.

Combining an exceptional location, a total gross floor area of 492 m², immediate rental income, a vacant ground-floor apartment, future development potential through the attic conversion and the option to acquire a double garage, this income-producing property represents an outstanding investment opportunity with attractive returns and significant long-term capital appreciation potential.