Maarten in Mechelen

Name: Sales in Maarten started!
Start: 2021-12-29T06:33:26.479774+00:00
End: 2023-12-31T23:59:59+0000
Location: Maarten

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Construction

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Project info

Object ID: 16923

Finished at	October 2023
Price, m²	From 3600$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 70.00 m²
Floors	5
Apartments	74
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

10,110$

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

252,000$

Net profit

7,813$

Payback period

24.9 years

Avg property value increase per year

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Promos and discounts for Maarten

About the project

The former site of AZ Sint-Maarten is being transformed into a new part of the city for living and working. New apartments, homes, a city hotel and office and retail space will be built between the station, the Vesten and the canal. A public park and a residential street – together accounting for 3,800 m2 of new public space – make this project a reclaimed part of Mechelen for everyone.

The offer

On the 10,000 m2 site, Ciril is creating 74 apartments and 21 homes, spread over 7 buildings, each with its own character. In addition, a city hotel and office and retail space will also have their own place on the site – all 500 meters from the historic city center.

At the same time, the site is also located on the calm waters of the canal and five minutes from the station. An underground rotational car park, spacious bicycle sheds and several new cycling and walking paths through the site make Maarten easily accessible for everyone.