Koekelberg - confidential sale - 16 studios - 1 apartment - 9 garages - 5 warehouses - 2 offices and 1 workshop

Dear Investors,

I am pleased to inform you of a confidential sale of a primarily residential building located in Koekelberg, at 14–22 Rue de Normandie.
The transaction can be structured:
• as an asset deal: €2,950,000
• or as a share deal: €975,000 (sale of 100% of the shares of the owner company)
🔹 The property includes:
16 renovated studios, 1 apartment, 9 garages, 5 warehouses, 2 offices, and a workshop.
Regulations under French Commercial Code (CFR) law: apartment building with 5 recognized housing units (including 4 collective housing units) and a productive activity plus 9 garage spaces. 🔹 Current rental income: +/- €145,000/year, with a projected potential of +/- €200,000/year
🔹 Current occupancy rate: 100%
🔹 695 m² plot – extension possible (subject to conditions)
📍 Strategically located in an area well served by public transport.

📎 A full presentation can be provided upon request.

I remain at your disposal for any further questions or to arrange a viewing.

Please do not hesitate to contact me directly if you are interested in this property.

Bàv

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