Real estate company with 3 leased commercial properties

Property company for sale consisting of a warehouse with adjoining house and parking (rented). The property is located in a sought-after industrial zone in Hoegaarden, close to various access roads and the highway. 

DESCRIPTION AND ACTIVITIESThis sports complex was founded in 2020 when padel developed nationally from a niche sport into a rapidly growing leisure activity.In a short period of time, a new padel club was established with both high-quality indoor and outdoor courts.A modern bar with catering facilities was also set up.Since its inception, this club has grown steadily to a membership of approximately 350 people.Its youth program is recognized as unique in Flanders.Numerous tournaments, corporate events, and partnerships support the club's operations, making it a profitable venture.The annual turnover averages approximately EUR 500,000 to EUR 550,000with an EBITDA margin of approximately 10%.LOCATIONThe company is located in the province of East Flanders and is housed in a completely converted commercial building that is rented.All operating permits are in order.The building comprises a warehouse and catering area, and has a total surface area of approximately 2,167 m².There is sufficient parking space around the building.UNIQUE SELLING PROPOSITIONSSports club with great appeal.High level of recurring revenue.Strong diversification of income streams.Continuously growing membership.Strong youth program.REASON FOR SALEDue to the steady growth and professionalization of the club, the current owners are no longer able to combine this with new opportunities.TO BE TAKEN OVERThe aim is to sell 100% of the shares in this very healthy company, including the available working capital.The current owner is willing to assist the acquiring party in transferring knowledge and contacts. The period and modalities in which this can take place are negotiable.All takeover terms are negotiable.Interested? Please contact us and a detailed acquisition memorandum with all financial data will be made available.

Real estate company with: 2 income properties with ground floor commercial space, each with 4 upper units and 10 parking spaces. Income property with ground floor commercial space, upper triplex (private) and 3 garages.DescriptionThe portfolio consists of three strategically located properties with a mix of residential and commercial entities:- Income property with 4 high-quality residential units (EPC A and B), 1 commercial property (Standaard Boekhandel) and 10 parking spaces;- Investment property with 4 high-quality residential units (EPC A and B), 1 commercial property (for rent); - Commercial ground floor leased to Batopin, a pop-up store and 3 rear garages;In addition to the company, the private apartment (+garage) located above the cash point is also being sold.  The company also owns two rear plots with development potential. These are included in the sale, but will be repurchased by the current shareholders after the sale of the company.  Total property value in the company: Real estate: €2,027,000Development land: €384,415The land is optional and can be included in the negotiations.The private apartment, valued at €342,000, is also being sold together with the company.Advantages:- Strategic location: the properties are located on the main street of Geel- Diversification: healthy mix of residential and commercial real estate- Ready to move in: the buildings are in very good condition - Renovated in 2013