Scoop: Commercial for sale in Mechelen with 15 bedrooms

7 rental housing units and pitches with potential for rent increase

This apartment building from the 1980s is located in the heart of downtown Mechelen, within walking distance of the Bruul. Partly because of this, demand is very high and supply is limited, making it possible  within the limits of the law to substantially increase rents by an estimated 10 to 20%. In other words, rents are now being rented below market rent levels. Based on the current rental income of about €66,000 per year, the rental yield amounts to 3.88%. The pitches are an asset, but are not currently being rented out to their full potential, with only one pitch rented out. The building is equipped with fire extinguishers and an approved elevator. With minimal investment, electrical compliance can be achieved. A quote for the works is already available. Energy-wise, the epc scores of the apartments are all in the spectrum of a B label, so no intervention is required in that area.