Real estate company with three rented student residences in Ghent and Brussels

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. 

Real estate company with three leased commercial properties in Dendermonde (two) and Strombeek-Bever (one) DescriptionReal estate company for sale with three leased commercial properties in excellent locations in Dendermonde and Strombeek-Bever. 1. Leased commercial property at Oude Vest 28, 9200 Dendermonde: commercial ground floor of 542 m². Leased to Ici Paris XL with a lease until at least 31/12/2033. 2. Leased commercial property at Oude Vest 32, 9200 Dendermonde: commercial ground floor of 300 m². Leased to Carrefour with a lease until at least 2042. 3. Leased commercial property at Victor Soensstraat 24-30, 1853 Strombeek-Bever: Commercial ground floor of 285 m². Leased to Zeeman with a lease until at least 31/08/2033. Advantages: -Highly solvent tenants -Strategic location: The properties are located on major streets in the municipalities -Attractive annual rental income The asking price for the company is €2,198,666. This is offset by annual rental income of +€170,000.

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.