Investment property for sale

Description

Description Discover a unique investment opportunity in the vibrant city of Aalst with this versatile property located at Molendries 28, offered at €295,000. This property blends commercial and residential potential within a bustling neighborhood, ideal for investors seeking a reliable income stream or a versatile living arrangement. The building features a former shop space that previously operated as a hair salon, complete with amenities such as a toilet, separate central heating installation, and utility meters, offering a ready-to-use commercial unit that could be easily adapted or rented out separately. Above the commercial premises, a residential section provides practical living space with an entrance, living room, and kitchen on the first floor, complemented by a balcony or terrace, a bedroom, and a bathroom on the second floor. This setup makes it an attractive proposition for those looking to generate rental income from both parts, especially considering the potential to rent out the commercial space and residential unit independently, thus maximizing returns with an estimated yield of around 5%. The property sits on a plot measuring approximately 128 square meters, with a total living or usable area that includes the ground-floor commercial space and the upstairs residential unit. The residential part comprises one bedroom and a bathroom, offering a cozy and functional living environment. Essential utilities such as water and gas are connected, ensuring the property is fully functional for immediate occupancy or rental purposes. The property benefits from an EPC rating of 287 kWh/m²/year, indicating its energy performance status, and is situated outside any designated flood risk zones, adding to its desirability as a safe and sustainable investment. The building's zoning as a residential area aligns well with its current configuration, making it suitable for immediate use or modification according to future plans. Located in the lively city of Aalst, this property is positioned within walking distance to local amenities, shops, and public transportation options, making it highly accessible for tenants or future residents. The surrounding environment combines urban convenience with a dynamic commercial district, perfect for entrepreneurs or investors aiming to capitalize on the city's steady growth and active community. Whether you are looking to develop a rental portfolio or establish a mixed-use property that capitalizes on Aalst’s economic vitality, this offering presents an excellent opportunity. With immediate availability and flexible use options, interested buyers are encouraged to act quickly to secure this promising asset. Contact us today to arrange a viewing or for further details on this compelling investment property in Aalst. * This text was generated using an artificial intelligence. Show all Show less