Investment Property with Two Units in Groningen

This investment property is located in the Oosterpoort district of Groningen, Netherlands, offering a unique opportunity with two separate dwelling units within a single historic building. The building, constructed in 1900, is part of a protected city or village view, preserving its historical character and potentially offering benefits for maintenance but imposing restrictions on alterations. The property address is Van Sijsenstraat 8, encompassing both the ground floor unit (number 8) and the upper unit (number 8a), though cadastrally it is one parcel.

The total living space is 112 square meters over three floors. The ground floor unit, Van Sijsenstraat 8, has its own entrance leading to a hallway. The front room measures 15 square meters and includes a simple kitchen block, which typically provides basic cabinetry, counter space, a sink, and room for a stove and refrigerator. This room also features a staircase closet for storage. Adjacent is a back room of 13 square meters, similarly equipped with a simple kitchen block, offering additional living or sleeping space. An extension at the rear contains a standalone toilet and a bathroom with a shower and a sink. A storage area houses the central heating boiler, a Nefit gas combi boiler from 2026, which is owned and provides efficient heating and hot water. At the very back, there is a small place of approximately 2.5 square meters, usable as a tiny patio or storage nook.

The upper unit, Van Sijsenstraat 8a, has a separate ground floor entrance opening into a hallway with a staircase. The first floor includes a landing, staircase continuation, a standalone toilet, and two rooms of 15 square meters and 11 square meters respectively. A kitchen with a simple kitchen block is present, and the bathroom is neat, with a shower and a fixed sink. The second floor has a landing that includes a sink, and two further rooms of 10 square meters and 7 square meters. In total, the property has six rooms, with five designated as bedrooms, allowing flexible configurations for tenants.

Currently, the ground floor unit is rented to one person but has an agreement to become vacant, enabling new rental arrangements. The upper unit is empty and holds an occupancy permit for three people, permitting immediate rental to up to three tenants. This split situation offers investors independent management of both units or combined strategies.

Heating is supplied by two owned Nefit gas boilers: one from 2026 for unit 8 and one from 2023 for unit 8a. Windows have double glazing and HR glass, enhancing insulation. The energy label is D, indicating moderate efficiency, but the new boilers help keep energy costs manageable.

Outdoor space consists of a garden place of 3 square meters on the east side, receiving morning sun and suitable for potted plants or compact seating. Parking is via paid zones and permits available in the area, common for central urban locations.

The Oosterpoort neighborhood is a pleasant residential area with a quiet street but excellent amenities within walking distance. These include supermarkets, schools, healthcare facilities, cafes, and recreational spots. Crucially, the Groningen main railway station and city center are within a short walk, ensuring high rental demand due to superb connectivity and urban access.

Cadastrally, the property is not split, registered as a single parcel. This simplifies ownership but may require specific financing for multi-unit properties. For rental, units can be leased separately.

The asking price is €440,000, or €3,929 per square meter. Given the central location, two rentable units, new boilers, and protected status, this presents a sound investment. The potential rental income from both units—unit 8a ready for tenants and unit 8 soon vacant—could yield stable returns.

Investment highlights include separate entrances for independent access, five bedrooms for diverse tenant demographics, modern heating reducing maintenance, and a prime location with strong demand. The property is sold as is, with the current rental for unit 8 ending soon.

In summary, this historic yet updated property in central Groningen provides a rare two-unit investment in Oosterpoort. With flexible room layouts, all essential systems in good condition, and a sought-after neighborhood, it is poised for rental success and long-term value appreciation.