Metropolis in Brussels

Name: Metropolis
Brand: Willemen Real Estate
SKU: 16343
Availability: InStock

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Project info

Object ID: 16343

Finished at	November 2019
Price, m²	From 4500$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 45.00 m²
Floors	10
Apartments	42
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Commercial area 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

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

202,500$

Net profit

6,783$

Payback period

22.4 years

Avg property value increase per year

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About the project

In the heart of the European Quarter of Brussels, within walking distance of the Leopold Park and the Cinquantenaire Park and in the vicinity of shops, restaurants, museums and public transport, Willemen has developed a mixed-use project on the former site of the Irish Embassy: ' Metropolis'. A commercial ground floor, 3 floors with offices and 7 floors with a total of 47 apartments. The project still has some underground parking spaces available.