Artline in Saint Petersburg

Name: Sales in Artline started!
Start: 2020-01-13T06:35:14.356894+00:00
End: 2023-12-31T23:59:59+0000
Location: Artline

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Project info

Object ID: 3554

Finished at	December 2020
Price, m²	From 1810$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 24.00 m²
Floors	12
Apartments	2135
Building phase	Facade finished
Condition	Black walls
Ceiling height	3.00 m.
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Fitness Commercial area Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

43,440$

Net profit

5,906$

Payback period

5.4 years

Avg property value increase per year

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About the project

“ArtLine in Primorsky” is the art of the future. A residential complex inspired by the theme of art and new iconic objects in the city. Bold facades, halls, the own art space of the new house are developed in collaboration with modern artists and young architects.

Five houses of 11 floors and two apartment complexes of 12 floors will be united by a modern concept. The facades used a rare purple color for St. Petersburg. This is one of the most noble, sophisticated and at the same time mysterious flowers. The main light palette emphasizes bright accents. Hinged ventilated facades allowed architects to play with perception. By combining different shades of porcelain stoneware, a melange effect is created in the cladding. Volumetric architectural elements in the form of large screens, reflective glazing, panoramic windows on the upper floors create a futuristic look. The design of the project halls was developed at the Art Complex contest. Artists from different cities of Russia presented more than 50 works and their views on their favorite city.

Street retail will occupy the first floors of ArtLine: shops, cafes, a bakery, a beauty salon and much more. Everything you need can be bought on the way from the metro home. The courtyard will house its own kindergarten with elementary school classes, the territory of which is landscaped and fenced around the perimeter. The project has its own three-story fitness club with yoga rooms and a volleyball court.

Developer

Setl City is one of the largest construction companies in Russia with 25 years of experience in the field of housing construction. The compa…
Details about Setl City