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Three new acquisitions in Brussels for BuyerSide clients

Three new acquisitions in Brussels for BuyerSide clients

During the COVID period, BuyerSide assisted new clients with their property projects. They were all in search of a building suitable for letting, in various districts of Brussels, and our experts pulled out all the stops to help them find their ideal investment property.
The story of three successful missions.

Beautiful building with 10 apartments in Schaerbeek

For this client, who wanted to invest in a building suitable for letting, the BuyerSide experts found a property with 10 one-bedroomed apartments in Schaerbeek. Convinced, the client gave the go-ahead to start the negotiations. As well as discussing the price, an agreement had to be reached with the seller to settle two legal disputes that he had with his tenants before the sale was concluded. This meant that the buyer was able to take over a fully let building with a sound rental situation.

After long negotiations, we succeeded in bringing the price down by 12%.

 

Negotiation in the north of Brussels in the middle of lockdown

In this case, the clients – two sisters – wanted to invest in a building suitable for letting in the north of Brussels with a maximum budget of one million euros. After searching for a while, we suggested a building off-market in Molenbeek and organised a visit just before the lockdown in March 2020. Located in a quiet residential street, the building is in good condition and comprises three two-bedroomed apartments and nine garages.

As the property was not yet on the market, we were the only ones involved in the dossier and were able to negotiate without competition and therefore without stress. This ideal situation enabled us to purchase the property at a gross return of 4.80% deed in hand. And the icing on the cake: following an analysis by an architect and having consulted the commune, it seems that it would be possible to add a storey with another two apartments. Watch this space…

 

Two neighbouring properties for this real-estate professional

We assisted a real-estate professional with the acquisition of a building next to one that was already in his portfolio near rue Antoine Dansaert in Brussels. It was an off-market property comprising five studio apartments with a gross return of approximately 5% deed in hand, which we sourced via our network of business finders.

At the moment, owning two buildings located side by side makes the management of part of his assets easier, while later on there is more redevelopment potential on two plots than on one.

 

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