Investment property for sale - Oostende RBU33576

Discover a remarkable investment opportunity located in the vibrant city of Oostende with this versatile property on the market at €575,000. Situated at Torhoutsesteenweg 116, this property offers a wealth of potential for investors or developers seeking to capitalize on its prime location and diverse spaces. Built in 1936 and currently in need of renovation, this estate spans a total ground surface of 211 m² and comprises a variety of functional areas that can be transformed to suit numerous purposes. Whether you envision turning the existing structures into a thriving commercial space, modern residential units, or a combination of both, this property provides an excellent foundation for your project. Notably, the property includes a ground-floor commercial space measuring 127 m², presently licensed as an exhibition area—ideal for a gallery, office, retail shop, or creative venture. Two spacious apartments of 87 m² each offer bright, sizable living areas that can be renovated into contemporary homes, while a 47 m² attic provides additional space for extension or storage needs. The property also features a cozy 43 m² room with a bar, perfect for hosting events or as a hobby area, alongside a practical 16 m² bicycle storage and a full cellar of 50 m² with individual storage options. With this extensive array of spaces, the possibilities are numerous for creating a profitable rental property or a customized residential development. The property’s location adds to its appeal, set in a lively neighborhood with shops and public transport nearby. Oostende’s proximity to the sea and its iconic seafront promenade makes it an attractive destination both for residents and tourists alike. Its strategic position on the Torhoutsesteenweg ensures easy access to local amenities and connectivity to the broader city infrastructure—ideal for those looking to develop a property with high visibility and accessibility. The building’s architectural character aligns with Oostende’s historic charm, offering a unique renovation opportunity for those who appreciate characterful buildings with potential. The site is designated as a residential area under local planning regulations, providing scope for redevelopment in accordance with city guidelines. The current EPC labels reflect the building’s need for upgrades, with the ground floor rated D and the apartments rated F, emphasizing the scope for modernization and energy efficiency improvements. This property stands out as an exceptional opportunity in Oostende’s real estate market—a rare find that combines substantial space, flexible layout, and an unbeatable location. Whether you are an investor seeking to expand your portfolio or a developer eager to create a bespoke project in one of Belgium’s most desirable seaside towns, this estate deserves your attention. All bids will be presented to the owner, and interested parties are encouraged to contact us promptly for further information or to arrange a visit. Take advantage of this rare chance to acquire a property with significant potential in Oostende—an area renowned for its lively atmosphere, scenic beauty, and vibrant community. Reach out today at Tel 0496 68 84 67 or visit www.ensor.immo to explore how this remarkable estate can meet your investment goals.

* This text was generated using an artificial intelligence.

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