Royal Garden Mews, Royale Louisa and Royal CC 92 - Brussels

Lisney Overseas Residential are offering investors the choice of three residential developments, Royal Garden Mews, Royale Louisa and Royal CC 92 in the heart of Brussels. They comprise 34 luxury apartments and a fully renovated coachman’s house all located within walking distance of Avenue Louise

Location:

The Louise area is one of the prime locations in the heart of Brussels. It is an important thoroughfare with many upmarket shops, exclusive restaurants and offices.

Key attractions of the Brussels market:

• Political Capital of Europe


• ‘Interest in the residential market is now taking off. Property prices in the Belgian capital have risen per about 12-15% per annum in the last 4 years. Prior to that growth was at about 6% per annum.’ Irish Times – 14th June 2007.


• Office space market has grown to become one of the foremost markets in Europe, jumping way ahead of cities like Frankfurt, Berlin, Amsterdam and Barcelona. Cushman & Wakefield, August 2007.


• Out of 33 countries, Cushman & Wakefield ranks Brussels as the following in the European Cities Monitor 2007 report.


• GDP growth Belgium 2005-2006:1.5%


• National Carriers are Aer Lingus and Ryanair

Price levels:

From 1983 to 2006, the average price of Belgian houses grew by 165% in nominal terms, while apartment prices grew by 129%. Belgium has experienced 20 years of robust price rises, due to changes in economic fundamentals, such as population growth, credit expansion, and economic growth, as well as the long period of low interest rates. The Global Property Guide, July 2007.

Investment:

Belgium, as the capital of Europe, is a highly sought after location for foreign investors. This year their share of total investment has grown from 50% to 76% compared with 24% from local investors. Foreign investors are mostly Irish, Germans and Australians, who accounted for 17%, 16% and 13% respectively of the total invested.

Rental:

Brussels stands out as an extremely solid location for a buy-to-let investment. There is a transient international population, which gives great stimulus to the market.

The rental market represents approximately 30% of the housing market, according to the Global Property Guide, July 2007.

For a fully furnished and serviced apartment – typical gross rental yield in all three developments (after charges and before tax) for the first year estimated between 4-5%. Estimations by rental company ‘Home In Brussels’-September 2007

Development Details:

Royal Garden Mews

Residence Royal Garden Mews (RGM) will house 13 luxury apartments – the first to sixth floors consisting of 12 apartments and a penthouse on the seventh floor. The particularly spacious terraces (approximately 21m² to the rear and 18m² to the front) along with their innovative design make for a classy and luxurious atmosphere. Each RGM apartment will also have its own parking space and cellar.

Royale Louisa

Royale Louisa will consist of seven luxury apartments, a duplex, a triplex with a swimming pool and a fully renovated coachman house. All apartments are 2-beds, beautifully finished using materials of the highest quality.

Royal CC 92

The existing building will be completely renovated and converted into 12 luxury apartments. The second to the sixth floors have 10, 2-bed apartments. The seventh floor has two apartments which can be perfectly joined to make for one luxury penthouse. The highest quality standards are aspired for the renovation of this building.

Prices start at:

Note: Measurements are approximate and provided by the developer. They include gross external area, excluding terraces. Prices exclusive of VAT & Registration Tax.

Meetings will be held by appointment only.