This exclusive Art Deco investment property is located in Oostende at Hennepstraat 2, offered for sale at €449,000. Boasting a generous usable surface area of 503 m² on a 335 m² lot, the building combines historical charm with practical features. The property includes a spacious apartment of 181 m² with three bedrooms, a living room, dining room, bathroom, and a certified electrical installation. Additionally, there is a commercial space of 93 m² currently used as a hair salon and an office area of 229 m² utilized as classrooms. The entire building benefits from full roof insulation, high-performance double glazing, and a new condensation boiler, contributing to an EPC rating of C for all parts of the property. The original façade displays the unique protected Art Deco style and still carries the historic "MILK-PALACE" lettering from its past as a dairy and milk shop. Situated just 900 meters from the beach, this rare property offers multiple opportunities either as a lucrative rental investment or a luxurious residence for those seeking spacious accommodation with character. With four toilets, one bathroom, and a dedicated laundry room, the functional layout caters well to various uses. The building is equipped with gas, electricity, and water connections and has been issued a certificate confirming conformity of the electrical installation. Although located in a residential zone, it may be situated in a potentially flood-prone area. The cadastral income is €3,600 annually, and there is no VAT applicable. Current rental income amounts to €2,634 per month, derived from the different units within the property. The location in Oostende benefits from nearby free parking options and offers excellent potential due to its proximity to the seaside and urban amenities. This investment stands out with its blend of architectural heritage and modern updates, making it an appealing choice for professionals or investors aiming for stable returns. Interested parties are encouraged to contact Diksimmo at
Tel 051 50 11 51 or via email at
Contact for further information or to arrange a viewing. This exceptional building is truly a distinctive opportunity not to be missed.
* This text was generated using an artificial intelligence.