The Residence in Antwerp

Name: Sales in The Residence started!
Start: 2021-12-29T12:37:30.414919+00:00
End: 2023-12-31T23:59:59+0000
Location: The Residence

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Project info

Object ID: 16945

Finished at	March 2021
Price, m²	From 7500$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 110.00 m²
Floors	6
Apartments	93
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

825,000$

Net profit

9,376$

Payback period

70.2 years

Avg property value increase per year

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About the project

The Residence is a remarkable development in a high-profile location. The illustrious dance hall The Zillion in the South of Antwerp made way for a strong and unique concept that has no equal in Antwerp. Ciril unites living and working with The Residence with a wide range of services in the bustling South.

The concept of The Residence caters to those who are looking for social contact and service. The project has been developed for people who want to live together, across generations, but who also want to withdraw in comfort in their private environment. As a resident, you can count on two channels for the service. The hotel, which is part of the development, provides services from cleaning to receiving parcels. A New York doorman, but slightly different. In addition, we offer care on a pay-per-use basis. This way you enjoy the right care when you need it.

The unique and sought-after location between old and new required inspiring architecture with international allures for The Residence. With a park as a backyard, the Justice Palace as a neighbor and this a stone's throw from the Scheldt, The Residence is located in the middle of an oasis of peace in the bustling South. Ciril has developed 93 apartments with large terraces, which offer a unique view from the first floor. The Residence is divided into 2 wings. From one wing you have a view of the Palace of Justice and an extensive park. The other offers a view over the park, the New South development and the Scheldt.

The building blocks of The Residence are 1, 2 and 3 bedroom apartments. Residents can choose to merge these apartments or not. In addition, you have the option to adapt your apartment to your own wishes, down to the smallest details, together with an interior consultant who is ready for you!