Apartment block for sale

OSTEND – INVESTMENT OPPORTUNITY! Beautiful commercial building located in the heart of Ostend’s shopping street. The commercial space is currently vacant, left so by the owner to facilitate the sale. Ground floor in excellent condition, electrical installation compliant, ready to be rented immediately. Upper floors need renovation. Roof in good condition on both buildings. Classified building. Potential rental income from the commercial space alone: €3,500 to €4,000/month, providing an immediate net return of 7 to 9%, excluding the upper floors. Great opportunity to finance the renovation of the upper levels and, with the acquisition of the rear building, benefit from an independent entrance via Sint-Sebastiaansstraat 31, without affecting the shopfront. Adolf Buylstraat 34 → Property tax: €8,278 | Price: €490,000. Possibility to also acquire the rear building (Sint-Sebastiaansstraat 31, house with 4 flats to renovate) → Property tax: €1,429 | Price: €310,000. Total price for both: €805,000. The commercial building can be purchased separately, but the rear house cannot be sold separately. Visits by appointment at 02/732 52 68 - 0477/971856. Asbestos certificate and EPC in progress.