Building plot
Object ID: 1144
Property type: Land
Location: one of the most popular tourist areas of the Bodrum peninsula, 200 meters from the sea and the blue-flag beach, the distance to the historical center of Bodrum is 10 km, the distance to the international airport is 35 km.
For sale are offered 3 plots of land located next to each other. It is possible to purchase both individually and collectively.
The total area of each land: 3 500 m2.
Permission for construction: 15/30% (1050m2).
All communications are summed up.
The cost of each site is 1 000 000 euros.
Calculations for the project:
With the purchase of one plot of land, the investor can build 7 villas of 150 m2 of residential and 200 m2 of total area, the area of each villa will be about 500 m2.
Construction costs - 525 000 euros (at the rate of 500 euros / m2).
Expenses for upgrading the territory of the complex: fencing territory, walking paths, landscaping and landscaping - 70 000 euros.
The cost of retailing villas - from 500 000 euros (is the actual market value of villas of similar size at a given distance from the sea on the Bodrum peninsula).
The total cost of the project is 1 595 000 euros (cost of construction and land plot).
The income from the project is 3 500 000 euros.
The profit from the project is 1,905,000 euros (almost 120%).
When purchasing all three plots, the investor can build either 21 villas according to the same scheme, or a small hotel + villas or apartments on the territory.
Terms of implementation:
- Obtaining permission for construction and approval of the project - from 2 weeks to 3 months.
- Construction of residential facilities - from 4 to 12 months (construction season in Bodrum lasts from September to May (this includes only the erection of load-bearing structures, the work on interior decoration of the premises is allowed year-round)).
- Realization of residential objects (sale in retail in full) - can begin to be carried out from the moment of approval of the building plan. On average, the full implementation of objects is achieved in a period of 6 months to 1.5 years.
