Handbogenhof in Lier

Name: Sales in Handbogenhof started!
Start: 2021-12-03T07:59:28.922662+00:00
End: 2023-12-31T23:59:59+0000
Location: Handbogenhof

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Project info

Object ID: 16066

Finished at	October 2022
Price, m²	From 2930$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 72.00 m²
Floors	5
Apartments	23
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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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

210,960$

Net profit

8,283$

Payback period

19.9 years

Avg property value increase per year

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About the project

The charming Pallieterstad will be given a nice place to live with Handbogenhof. With the move of the Paradijs residential care center and the demolition of the buildings, a special opportunity arose to redevelop this site.

Handbogenhof is located within the green vestiges of Lier. A beautiful location within walking distance of the Grote Markt and the Zimmerplein.

The project connects the historic structures of the old ramparts, Kapucijnenvest, and the fortresses along the restored Almshouses with modern architecture.