We booked a cheap hotel online with a good location and didn't expect to much of it. What we got was a stylish modern and clean room with a great location in central Brussels. The Yzer metro-station is literally 30m away. There are a few nice and cheap breakfast cafes (4,50€-6,50€/person) close by if you don't want to pay the 10€/person fee for the hotels breakfast. There are some nice restaurants in the area as well my recommendations goes to the fabulous Ethiopian restaurant Toukoul just a few hundred meters from the hotel on Rue de Laeken.
If you want to walk to Grand Place that is gonna take you about 15min. We enjoyed our 5 nights at the theater hotel. Oh I forgot to mention that the street was not over run by prostitutes. The city had put a road block so that cars could no longer circulate Rue Van Gaver which had probably driven most of the prostitutes to the corner of the old theater building at Hooikai, and even there, there was only a handful so nothing to worry about.
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