Commercial building for sale

Description

Description This commercial building with residential space, located at Zeedijk 291 in Koksijde, offers a unique investment opportunity through a life annuity sale priced at €60,000. The property, built in 1953 and currently requiring renovation, comprises a commercial ground floor with a south-facing terrace providing excellent visibility and commercial appeal. The building extends over a notable land share of 208 m² with a façade width of 6.24 meters. The residential section includes two bedrooms, a kitchen, dining room with terrace access, a bathroom, and a toilet. Although the living quarters need thorough renovation, they present significant added value and potential. Additional storage or functional space is available in the spacious cellars at the property. This life annuity sale arrangement involves a fixed monthly rent payment of €2,000 for a maximum term of 15 years, after which no further rent will be required to the current beneficiaries aged 58 and 47. The property is sold in full ownership, allowing the buyer to benefit immediately from rental income as the property is currently leased with an annual rent of €11,250. This setup is also feasible via a corporate entity. The building’s designation is within a residential urban zone and it is not situated in a flood-prone area. Essential utilities such as gas, electricity, and water are connected, although there is no lift on site. Heating is supplied by gas, and the energy consumption is notably high at 611 kWh/m²/year. Situated on the prominent Zeedijk of Koksijde near key commercial streets and landmarks, this property provides exceptional commercial and residential potential. It holds promise for investors seeking a combination of retail and living space at the Belgian coast. Moreover, the site may be suitable for a future redevelopment project, potentially in partnership with adjacent buildings. With a cadastral income of €2,788 and a market value estimated at €420,000, this opportunity represents a rare chance to secure a prime location investment with flexible financial terms. Interested parties are encouraged to inquire for further details and explore this distinctive real estate proposition. * This text was generated using an artificial intelligence. Show all Show less