For Sale €3,200,000 - Project
1. Project characteristics
The plot covers an area of 73881 sq.m. in total, all falling within the planning zone of the Limassol District Council. After the division of the land there will be 44 building plots averaging 900 sq.m. in size.
The co-efficient in the area is 15%, cover percentage 10% ,2 storey-building and 8.30 meters height.
2. FINANCIAL PARAMETERS
- Selling revenue The present total selling revenue for the houses is expected to be in excess of €22 million
- Price for the land Is estimated to be €3.2 million
- Price for the division of the land into plots Is estimated to be €500,000
- Cost of development The total construction cost of this development is expected to be around 6 million.
Sales € 22,000,000
Purchase of Land € 3,200,000
Division of Land € 500,000
Construction cost € 6,000,000
Expected profitability € 12.300,000 gross
- Plot Area: 73881 m2
- Covered Area: 6000 m2
- ROI: 120 %