Beleggingspand Meint Veningastraat 14A, 14B, 14C & 14D in Midden-Groningen verkocht

Permitted investment and development property with a leased commercial ground floor

This investment and development property is offered in the center of Hoogezand, consisting of a modernized commercial ground floor with immediate rental income and a legally irrevocably permitted residential development on the upper floors.

The property combines a stable cash flow with a concrete and immediately feasible development perspective, without any planning or permitting risks.

The building was originally built in 1967, purchased in 2022, and fully modernized in 2023. The ground floor is gas-free and has an A++ energy label. The current owner operates the retail space and will lease it back after the transfer. The sale is taking place because the owner no longer wishes to continue further development.

Zoning and Permit

The property falls within the Centrum zoning plan, which explicitly permits residential, retail, and mixed-use use.

A building permit has been granted for the upper floors for the construction of four apartments. • Permit granted: January 29, 2025

• Objections: declared unfounded

• Decision on objection: July 25, 2025

• Permit: irrevocable and immediately enforceable

Residential development

Permitted apartments with private outdoor space:

• Meint Veningastraat 14-A approximately 113.55 m²

• Meint Veningastraat 14-B approximately 78.74 m²

• Meint Veningastraat 14-C approximately 63.16 m²

• Meint Veningastraat 14-D approximately 57.17 m²

Complete architectural drawings and a BIM model are available. Work on the largest apartment has already partially commenced. The deed of division still needs to be finalized.

Technical status

• Completely gas-free

• Heavy-duty electrical connection available, separable via intermediate meters

• Pipes for electricity, water, including reinforced connections, and sewerage already prepared in the floor of the future apartments

• Part of the roof requires replacement

• Mining damage handled through a customized solution

• No asbestos is known, asbestos clause applies

No subsidies have yet been claimed for the further development.

Commercial plinth and lease

The ground floor consists of approximately 400 m² of retail space with approximately 130 m² of storage (gross floor area) and will be leased after transfer:

• Rent: €45,000 per year excluding VAT

• Lease term: 2 years + 3 years + subsequent 5-year terms

• Lease type: ROZ model retail space (7:290 BW), shell-plus

Parking and surrounding area

The parking standard is easily met based on the former retail zoning. An underground waste container is located across the street from the building. Located in the town center of Hoogezand with good accessibility.

Financial considerations

Indicative sales proceeds for apartments:

Total indicative proceeds: €1,252,500

Asking price

€1,250,000 (buyer's costs)

Sale based on the Model Purchase Agreement for Commercial Real Estate 2023.

Extensive digital data room available.

The information provided is of a general nature. No rights can be derived from this information.