500 m from Schaerbeek railway station and Huart Hamoir park (Helmet district), Rêvimmo Brussels presents at Avenue Zénobe Gramme 108-110 two adjoining buildings on a single plot: commercial ground floor, 5 apartments and a garage. ± 714 m², fully let, rental income ± €75,336/year, gross yield above 5%.
No. 108: commercial ground floor under a 9-year lease until 09/2030 (€1,963/month indexed) and three 1-bedroom apartments, each with its own gas condensing boiler (2017).
No. 110: characterful house with bay window, featuring a 3-room apartment on the 1st floor (fitted kitchen, bathroom, laundry room) and, on the 2nd-3rd floors, a 3-bedroom duplex fully renovated in 2024 (2 shower rooms, fitted kitchen), let at €1,250/month.
Value reserve: residential rents are well below market (1st floor let at €770 against a reference of €874; 2009 and 2015 leases at €660-675). Each re-letting opens an immediate uplift.
EPC E- to G based on default values, insulation undocumented. Recent boilers: the effort lies in the envelope (roofs, attic), no permit required, no vacancy, Renolution grants available.
Three strategies: hold for a secure yield, revalue progressively towards €85-90,000/year, or create a deed of division and sell unit by unit.
Zénobe Gramme bus stop at the door, shops on Chaussée de Helmet. Electrics to be brought up to code. Cadastral income €3,991. Full file on request.
Figures are indicative and subject to verification. 02/217.00.32 – brussels@revimmo.be