Trade

Asking price €1,570,000.00

Financial data

Turnover / Revenue €66,264.00
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) €44,082.00

This real estate company offers a unique opportunity to acquire a high-quality, prime-location investment property in downtown Veurne. Thanks to its prominent corner location at the intersection of Ooststraat and Oude Vestingstraat, the building enjoys maximum commercial visibility and is within walking distance of the Grote Markt and various public parking lots. The property combines a strong commercial ground floor with three spacious residential apartments, resulting in a balanced and diversified income structure.

Layout:

Ground Floor

- Commercial space of approx. 360 m² in a prime A-location. Long-term lease to Eldi since 1991!

Common entrance hall for the apartments.

- Garage of approx. 33 m². First floor

- Apartment of approx. 223 m² with a spacious living area, three bedrooms, and a functional layout.

- Apartment of approx. 119 m² with two bedrooms.

- Shared terrace of approx. 100 m². Second floor - Apartment of approx. 223 m² with three bedrooms.

- Attic/laundry room.

Attic

Spacious open attic offering potential for future optimization or expansion, subject to the required permits.

Investment Highlights

- Strategic corner location in the city center.

- Prime commercial location along the main shopping street.

- Stable commercial rental income.

- Three spacious residential apartments that provide additional rental income and help diversify risk.

- Professionally separated mechanical and utility systems for each unit.

- Elevator available.

Transaction Structure

Sale via a share transfer of the real estate company, based on an underlying property value of €1,570,000.

An exceptional investment opportunity with stable rental income, an excellent location, and attractive potential for long-term value creation.

EPC: 164 kWh/m²
EPC: 238 kWh/m²
EPC: 185 kWh/m²
EPC KNR: C

Income from the 2024 financial statements. 

Location
Veurne, West-Vlaanderen
Legal form
Company
Customer type
B2B (Business to Business)
Active since
1980
Real estate included
Yes
Translated from
Dutch
Disclaimer
Takeover market is not responsible for the content. Please check for accuracy and completeness.

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Fully Leased Investment Property in the Heart of Kortrijk This fully leased investment property is situated in an excellent downtown location, close to Kortrijk’s Grote Markt. The building dates from 2007 and combines a commercial ground floor with six apartments spread across the upper floors. The ground-floor commercial space has an area of approximately 82 m² and also includes a separate basement storage room of about 37 m². The space is currently leased to an established driving school under a commercial lease agreement. On the first through fifth floors, there is one apartment on each floor, each measuring approximately 82 m². Each apartment includes an entryway, a bright living area, a kitchen, a practical storage room, a separate toilet, a bathroom, two bedrooms, and a balcony. The sixth floor features a penthouse apartment of approximately 63 m², comprising a living area, kitchen, storage room, bathroom, separate toilet, and one bedroom. The standout feature of this residence is the spacious rooftop terrace of approximately 21 m². The building has a passenger elevator that serves all floors. The basement also houses six private storage units, the utility meters, and a common hallway. The building was constructed to be sturdy and durable, featuring a concrete frame, a facade finished in natural stone and glass panels, aluminum exterior window frames with double glazing, and natural gas-fired central heating for the apartments. The apartments offer a functional layout and contemporary living comfort. Thanks to its central location, excellent transportation links, and the combination of residential and commercial rental income, this building represents an attractive investment with good risk diversification. Shops, restaurants, public transportation, schools, and all urban amenities are within walking distance. A solid and immediately profitable real estate investment in a sought-after location in the center of Kortrijk.

Price €1,750,000.00
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