Apartment for sale in Geel with 19 bedrooms

Located in the center of Geel, a dynamic student city with a 99% occupancy rate, we offer an exceptional investment opportunity. The continuous expansion of Thomas More Hogeschool ensures a consistently high and stable demand for quality student housing. This brand-new student complex is sold fully turnkey. The transfer of the real estate holding company is carried out through a share deal for €1,150,000, without additional acquisition costs such as registration duties or VAT on the shares. The land value amounts to €800,000 and is subject to 12% registration duties. The construction value falls under the VAT regime. This structure allows for a smooth takeover of the entire real estate project within the existing company. Estimated rental income: ± €12,000 per month Indicative payback period: ± 15 years (including acquisition costs) The building is equipped with 40 solar panels and sustainable technologies. Rooms on the ground and first floors have private bathrooms, several units feature private terraces. The second floor offers rooms with terraces and modern shared shower facilities. Each room is individually fitted with an air-to-air heat pump (heating and cooling). Spacious communal kitchen, technical room and storage area. Additional assets: 7 parking spaces, secure bicycle storage, waste room and garden. More information via info@immoley.be – +32 3 535 20 00.