This exceptional property located in the heart of Gent presents a unique investment opportunity, combining versatile residential and commercial potential within a prime urban setting. Priced at €1,390,000, this multifaceted real estate offers a rare blend of modernity and flexibility, making it highly attractive for both private owners and investors seeking to capitalize on the vibrant local market. Situated at Dampoortstraat 40, this property benefits from an outstanding central location with convenient access to local amenities, public transport, and vibrant social hubs, ensuring high demand and excellent rental prospects. Whether you are looking to establish a multi-unit residence or develop a profitable commercial venture, this property provides an ideal foundation to realize those ambitions. The property comprises a total of approximately 300 square meters of living and commercial space spread across four levels, constructed in 1969 and meticulously renovated in 2016. The ground floor hosts a commercial space, currently available for use or rental, with the potential to generate a monthly income of around €2,500. The upper floors contain three apartments, each with two bedrooms, making a total of six bedrooms across the entire property. The apartments enjoy high rental appeal, with current tenants paying around €1,000 per month plus fixed charges. One of the apartments features a terrace, and there is the possibility to create a balcony or additional outdoor space on the third floor. The commercial unit previously occupied the first level and could be restored to its original configuration with minor adjustments; additionally, there is potential to construct an extra floor or rooftop extension (subject to permits), offering further development opportunities. The property includes essential features such as double-glazed windows, three bathrooms, four toilets, and is energy efficient with a primary energy consumption of 0 kWh/m²/year, pending EPC certification. Located in a bustling part of Gent, this property benefits from proximity to a new student housing project, ensuring a steady flow of potential tenants or customers. Its strategic position also makes it suitable for various uses, including hospitality on multiple levels, with an outdoor terrace area accommodating four tables—perfect for catering or café operations. The area is characterized by diverse urban activity and vibrant community life, making it ideal for those seeking an investment that combines residential comfort with commercial vitality. This property’s flexible layout and strategic location make it suitable for a variety of future uses, including student accommodation, professional offices, or hospitality ventures, all while enjoying the benefits of a well-established neighborhood. For prospective buyers or investors interested in this remarkable Gent asset, immediate contact is recommended to explore the full potential of this versatile real estate opportunity.
* This text was generated using an artificial intelligence.
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