Discover this exceptional investment opportunity in the vibrant city of Oostende, a true gem that offers both historic charm and versatile functionality. Priced at €449,000, this unique property located at Hennepstraat 2 presents a rich blend of heritage and modern upgrades, making it an ideal choice for investors or discerning homeowners seeking space and character. The building spans a substantial 503 square meters of usable surface area, including a beautifully preserved Art Deco façade that has earned a special protection status, emphasizing its architectural significance. The structure has been thoughtfully maintained, with recent upgrades such as a fully insulated roof, high-efficiency double glazing, and a new condensing boiler, ensuring energy efficiency and low operational costs. Currently, the property functions as a mixed-use building, with a commercial space facing Torhoutsesteenweg and classrooms on the Hennepstraat side, and a spacious apartment on the first floor. The apartment itself offers a generous 181 square meters of living space, designed for comfort and practicality with three bedrooms, a bathroom, and an additional toilette. Its layout provides ample room for families or occupants requiring extra space, complemented by a functional kitchen and convenient laundry area. The building's history as a milk dairy and trading house adds historical depth, with the original “MILK-PALACE” signage still visible, enhancing its unique appeal. On the ground floor, there is a commercial unit currently leased to a hair salon, while the Hennepstraat side features renovated office spaces used as classrooms, presenting multiple income streams. The property benefits from good security with a certificate of electrical installation compliance and an energy performance certificate (EPC) rating of C, indicating no immediate renovation obligations. The potential for stable rental income is evident, with current monthly rent totaling €2,634—offering an attractive net return for investors. Situated in a strategic location within Oostende, the property benefits from proximity to the beach, being only 900 meters away, and offers excellent accessibility with nearby free parking options. The surrounding environment is primarily residential and commercial, within a recognized urban area that allows for versatile uses — whether as a high-yield rental investment or as a luxurious private residence with substantial space. The property’s layout on a plot of 335 square meters provides outdoor potential and room for future enhancements. Connecting to essential utilities such as gas, water, and electricity is straightforward, and the site is well-suited for various development plans due to its zoning as a residential area. This distinctive property combines historic architectural integrity with practical features, making it a rare find in Oostende’s dynamic real estate market. If you are interested in exploring this remarkable investment or wish to schedule a viewing, do not hesitate to contact Diksimmo at ### or via email at ### . This property promises both immediate income possibilities and long-term appreciation potential. Whether you are looking for a profitable rental asset or an elegant home with ample space, this Oostende property offers compelling advantages in both respects. Take advantage of this rare opportunity to own a piece of Oostende’s architectural heritage with excellent investment prospects—contact us today to learn more or to arrange your personal visit. Want to know more?
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