Renovated Investment Property with 5 Rental Units in Central Tilburg

An additional opportunity lies in the top-floor apartment, Smidspad 73B, which will be delivered vacant. This gives the future owner the option to retain the apartment, re-let it subject to the applicable regulations, or potentially sell it separately.

Why this property stands out

The property underwent extensive renovation in 2021, including renewed kitchens, bathrooms and PVC flooring with Fermacell boards. The cavity walls and roof were also insulated.

According to information provided by the seller, Smidspad 73 and 73A are each rented by the room to two tenants, creating an efficient rental structure. The seller states that no conversion permit is required for the current arrangement.

Further investment was made in 2026 to meet applicable fire-safety requirements and NEN standards, according to the seller.

The location is another major advantage. The property is situated in a popular residential area close to central Tilburg, approximately 5 minutes by bicycle from Tilburg Central Station and the Spoorzone, around 1 minute from a bus stop, and close to Wilhelminapark.

Despite the renovations, characteristic details dating from the property’s original 1917 construction have been retained, including the original terrazzo floor, stained glass, fireplace and exposed-beam ceiling in the ground-floor apartment.

Smidspad 73 – Ground Floor | approx. 82 m²

The spacious ground-floor apartment features an attractive living kitchen with its original terrazzo floor.

There are two rooms, one of which retains an original fireplace and exposed-beam ceiling. The apartment also has a bathroom with washbasin and shower, a separate storage/utility area containing the central-heating boiler and washing-machine connection, and access to a generous cellar providing additional storage.

The apartment has direct access to the shared rear garden with bicycle storage.

Smidspad 73A – First Floor | approx. 60 m²

A bright and spacious apartment with a living room extending towards two rooms at the front of the property.

The apartment features a recently renovated kitchen with new appliances and a bathroom with washbasin, toilet and shower.

A rear door provides access to a private roof terrace.

Smidspad 73B – Second Floor | approx. 30 m²

A spacious studio apartment with its own kitchen, gas hob and private bathroom.

The roof and cavity walls are insulated, while the clever layout incorporates a mezzanine providing additional storage space.

Importantly for investors, this apartment will be delivered vacant, creating additional flexibility for the buyer.

Outdoor Space

The property includes a shared west-facing rear garden, providing outdoor space for the occupants as well as bicycle storage.

Investment Highlights

• Asking price: €710,000 k.k.
• Current annual basic rent: €45,960
• Service charges: €3,000 per year
• Gross rental yield: approx. 6.5% based on the asking price
• 3 licensed self-contained apartments
• 5 rental units
• 3 separate house numbers: 73, 73A & 73B
• Living area: approx. 172 m²
• Plot: approx. 213 m²
• Year built: 1917
• Energy label C: 73A & 73B
• Energy label D: 73
• WOZ value as of 1 January 2025: €648,000
• 73B to be delivered vacant
• Renovated in 2021
• Fire-safety investment carried out in 2026
• Shared west-facing garden
• Central Tilburg location

WOZ Values

Total WOZ value as of 1 January 2025: €648,000, divided as follows:

Smidspad 73: €285,000
Smidspad 73A: €200,000
Smidspad 73B: €163,000

Additional Investment Potential

The vacant delivery of Smidspad 73B provides the purchaser with additional options for the future.

According to the seller, the apartment could potentially be sold separately to a private buyer, which could change the investment profile and potential return of the remaining property.

Any future sale, letting, division or change in use is subject to the applicable legal, municipal and contractual requirements and should be independently verified by the purchaser.

Further Information

Access to the data room is available upon request.

Viewings can also be arranged for seriously interested buyers.

For additional information or to arrange a viewing, enquiries can be submitted through Flex Estate.