DE STIP in Harelbeke

Name: Sales in DE STIP started!
Start: 2022-01-14T06:55:02.115617+00:00
End: 2023-12-31T23:59:59+0000
Location: DE STIP

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Project info

Object ID: 17276

Finished at	December 2022
Price, m²	From 2500$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 75.00 m²
Floors	7
Condition	Turnkey
Construction type	Monolyth
Security	CCTV 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

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

187,500$

Net profit

8,283$

Payback period

17.7 years

Avg property value increase per year

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About the project

Brocap has entered into a cooperation agreement with the current owner NEBIM Belgium , which uses the industrial site as a repair workshop for truck bodywork . There is limited soil and groundwater contamination with mineral oil on the site. Since the contamination is located under the existing buildings, remediation will be necessary when the site is redeveloped.

The De Stip real estate project concerns the REdevelopment of this industrial site, located at Deerlijksesteenweg 39, adjacent to the Kortrijk-Ghent railway, near the Harelbeke slip road of the E17.

Today, the site forms, as it were, an “industrial island” between numerous other uses and customs. To the east the site connects to an industrial zone 'De Geit', to the south the site abuts a cemetery and police station. To the north and west, the site adjoins a residential zone. Although the accessibility options lend themselves to limited activity via the N41 - E17, it is clear that 'environmentally harmful industry' is not appropriate here.