Depot Rato in Mechelen

Name: Depot Rato
Brand: Willemen Real Estate
SKU: 16336
Availability: InStock

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Project info

Object ID: 16336

Finished at	October 2020
Price, m²	From 2560$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 70.00 m²
Floors	4
Apartments	48
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
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

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

179,200$

Net profit

7,813$

Payback period

17.7 years

Avg property value increase per year

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About the project

The Depot Rato site, a historically valuable area a stone's throw from the center of Mechelen, is buzzing again with activity! Until a few decades ago, aircraft engines were manufactured on the site in the former Rateau factory, now the site itself is the engine for the development of a cozy residential area that can accommodate 48 families. With respect for history, 41 apartments and 7 new-build homes are being built here in a quiet and green setting. The new residences of Depot Rato have a very varied range of houses, apartments, duplexes and penthouses. As a result, they appeal to both young families and those looking for the comfort of an apartment, coupled with the immediate proximity of a city center. In addition to the residential implementation, this ambitious residential area will house the historical heritage warehouses of the city of Mechelen, a Lidl, a children's crib and a parking garage. The historic buildings will be joined by several new constructions, built in iconic architecture, referring to the site's past. At the place where modern new constructions and historical heritage meet, a public square is being set up, where you can enjoy the view of old and new in peace. This unique variety and the industrial design of the residences will characterize the Depot Rato site. Curious about what our apartments look like? Feel free to stroll around in a duplex or penthouse.