30 Bed Commercial for sale
Saint-Josse-ten-Noode, Brussels, Belgium
£2,429,501 *
[€2,800,000]
Full Description
Strategic Location:
Ideally situated in the heart of Brussels’ European Quarter, this property is located at Rue du Vallon, 44, just a short walk from the Madou Tower—a major European Commission office complex—and within 250 meters of Rue de la Loi, the administrative heart of the European Union. The area is undergoing dynamic development, with recent commercial/residential projects selling at €5,000/m², underscoring its prestige and growth potential.
Building Structure & Composition:
This versatile six-story building (plus attic) offers approximately 200 m² per floor and is designed for optimal rental returns across multiple segments:
Ground Floor & Basement: A spacious Liberty-style restaurant with strong potential for premium leasing or an associativo concept.
1st Floor: Officially registered as office space, configured into 5 rooms.
2nd & 5th Floors: Civil apartments with 5 rooms each.
3rd & 4th Floors: Two floors officially registered as an apparthotel, featuring 10 bedrooms total. This setup allows for flexible short-term rental strategies in a high-demand tourist and business area.
6th Floor: An 80 m² attic with development potential (~€150,000 for elevator installation), rentable at €1,200+ once finished.
Roof: Suitable for solar panel installation, enabling energy independence and sustainability.
Current Performance & Upside:
Full optimization potential: By upgrading rooms (adding private bathrooms) and maximizing the aparthotel floors, monthly returns could surpass €25,000/month.
Financial & Tax Summary:
Asking price: €2.8 million (€2,000/m² – significantly under Brussels and EU capitals averages).
Operating costs: ~€4,500/month in utilities and maintenance; €15,000/year property tax; €4,000/year insurance.
Investment Highlights:
Multifunctional asset: Combines stable long-term rentals (apartments/office) with high-yield short-term potential (apparthotel).
Strong location: In the EU district, ensuring consistent demand from officials, consultants, and tourists.
Value-add opportunities: Attic conversion, solar installation, and rental repositioning offer clear upside.
We believe the best investment decisions are made with all the facts. We invite you for a viewing to see the property firsthand and to discuss our detailed projections for transforming its strong current income into exceptional future performance.
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