Investment property for sale, Menen RWC41842

Discover a versatile investment opportunity in Menen with this substantial property located at Vredesstraat 24. Priced at €175,000, this building is ideal for investors or those seeking a comprehensive renovation project. The property comprises two separate apartments, a large commercial space, and a spacious garage capable of accommodating three vehicles. With its extensive potential, the entire building is ready for renovation, offering numerous possibilities for customized development or income generation. The building’s layout includes two independent apartments, each with distinct features. The first apartment offers an entrance hall, a bright living room, a kitchen, a bathroom, and one bedroom. The second apartment provides an entrance, a living area, a kitchen, a bathroom, two bedrooms, and a balcony. Both apartments have access to a shared storage area, enhancing their functionality. The large garage adds further value by providing ample space for parking or additional storage needs. The commercial unit on the ground floor, complemented by two rooms on the first floor and an attic on the second, presents an excellent opportunity for business use or conversion into additional living space. This property’s flexibility makes it particularly attractive to investors looking to develop multiple units or undertake a significant renovation project. Situated in Menen, the location offers convenient access to local amenities and services, making it suitable for both residential and professional purposes. The entire building spans approximately 245 square meters of land and features three facades across two floors, adding to its visual and functional appeal. The site benefits from essential connections such as sewage, gas, electricity, and water, facilitating ongoing or future use. The property is currently not rented and is in need of renovation, which is explicitly noted by the renovation obligation attached to it. Its structure includes three bedrooms across the apartments, two bathrooms, and additional features like a cellar, attic, and utility areas including a laundry room and bicycle storage. The building’s exterior showcases a terrace that offers outdoor space for relaxation or social gatherings. While it is not classified as an energy-efficient dwelling and has some outdated elements like single-glass windows, the potential for upgrading the property is significant. Investors or renovators interested in this property should consider its strategic position in Menen and the vast scope for customization. With a cadastral income of €1,283 and no VAT applicable, this property represents a promising investment with room for value enhancement. Given its flexible layout and the possibility of professional use, this building could be transformed into a multi-unit residence, commercial hub, or a combination thereof. The proximity to essential infrastructure and amenities makes this an appealing choice for those looking to develop or redevelop in Menen. Interested parties are encouraged to contact us for further details or to arrange a viewing of this unique property opportunity that combines potential with practicality.

* This text was generated using an artificial intelligence.