This exceptional commercial property in Ieper presents a unique opportunity for investors and entrepreneurs alike. Priced at €595,000, this versatile estate combines a thriving horeca business with a fully equipped, ready-to-move-in residential apartment, offering an attractive blend of commercial and residential potential. Located at Paterstraat 2, in the heart of the city’s vibrant center, this property benefits from its prime position within walking distance of Ieper’s iconic Grote Markt, making it an ideal spot for attracting both local clientele and tourists. The property’s historical construction date back to 1930, and it is maintained in excellent condition, ensuring long-term value and durability. The building features a ground-floor restaurant meticulously designed to provide a warm and inviting ambiance, with a stylish, well-kept dining area complemented by an open, fully equipped kitchen. The layout is optimized for seamless service, and the establishment holds a summer terrace permit, allowing outdoor dining during warmer months. Additionally, the property includes essential customer amenities such as sanitary facilities and a cellar storage area, encapsulating all the elements necessary for a successful hospitality venture. Above the commercial space, the property offers a fully functional, move-in ready apartment designed for comfortable living or potential rental income. The apartment features three bedrooms—measuring 14 m², 24 m², and 9 m² respectively—and includes two bathrooms (each approximately 9 m²). The master bedroom is complemented by a dressing room of 5 m², providing ample storage space. The residence boasts a cozy living area on the first floor, with additional bedrooms on the second floor, along with an extra bathroom equipped with modern fixtures such as a double sink, shower, and toilet. A spacious attic offers further storage options, accessible via a pull-down ladder. Outside, there is a sunny southwest-facing terrace and a lush garden measuring 126 m², perfect for relaxation or outdoor gatherings. The property is equipped with gas heating and double-glazed windows, ensuring energy efficiency and comfort throughout the year. It also benefits from essential utilities including electricity, water, and gas connections, along with certification for electrical installations and energy performance. Strategically situated within a designated residential area with cultural value, this property combines heritage charm with modern functionality. Its excellent condition and comprehensive features make it suitable for various uses, including continued hospitality operations, permanent residence, or even converting the space into a charming Bed & Breakfast. With its strong location appeal in Ieper—a city renowned for its rich history and tourism—this property offers significant potential for future growth and profitability. Whether you are looking to establish a prominent local business or seeking a versatile investment with multiple income streams, this property warrants serious consideration. Contact us today to arrange a visit or to gather more detailed information about this outstanding opportunity—an ideal addition to any real estate portfolio in Belgium.
* This text was generated using an artificial intelligence.
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