RIALTO in Ostend

Name: Sales in RIALTO started!
Start: 2022-01-18T11:13:54.231482+00:00
End: 2023-12-31T23:59:59+0000
Location: RIALTO

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Project info

Object ID: 17361

Finished at	December 2021
Price, m²	From 3400$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	5
Apartments	80
Condition	Turnkey
Construction type	Monolyth
Security	—
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

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

204,000$

Net profit

7,229$

Payback period

21.5 years

Avg property value increase per year

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About the project

What matters is that you decide for yourself what to do and when and that everything happens as you wish. Now is the perfect time to think about yourself. So don't wait any longer and choose for yourself a bright future where you can fully enjoy today and tomorrow!

In the autumn, Senior Homes will open a brand new residence with 80 approved assisted-living apartments in the Queen of Seaside Towns. On the spot where Rialto used to be cinema – on the corner of Langestraat, Christinastraat, Kleine Weststraat and Hertstraatbouwt – Senior Homes is building a new home for people over 65 who really want to take advantage of life. Wonderfully close to the beach and also to all shops.

In Ostend, the Queen of seaside resorts, there is always something to do and if you want to relax, you can retire to your beautifully furnished apartment or enjoy the healthy sea air and the sun in the courtyard of our residence.