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Plot in the city center

Plot with building permit near the sea, in the city center!
Object ID: 351
  • Price from:SOLD 1 256 000
  • Deal type: Sale
  • City:Bodrum
  • Property type:Ground
  • Square: 15 000 m2
  • Sea view:Exist
  • Distance to the sea:100 m
  • Distance to the beach: 0 m
  • Distance to center:0 m
  • Distance to shop:0 m

Location: The popular tourist area of ​​Bodrum Peninsula, 100 meters from the sea (equipped municipal beaches), the distance from the city center 50 meters away from the international airport - 45 km.

Total area: 15 000 m2 (10 of 500 m2 accounted for granted)

Permission to build: 10/20% (2100 m2) residential

Cost - 2,875,000 Turkish liras (about 1.256 million euros).

The calculations for the project:

25 apartments of 84m2 and 110m2 of living space total

Construction costs - 550 000 euros (rate of 200 euro \ m2)

The cost of upgrading of the complex: swimming pool, driveway, walkways, landscaping and landscaping work on rough estimates of around EUR 100 000.

The cost of retail sale of apartments - 120 000 euros (a real market value of the apartments similar area at a given distance from the beach on the Bodrum Peninsula).

The total cost of the project - 1.726 million euros (construction costs and land).

Revenue from the project - 3 000 000 euros.

Profit from the project - 1.274 million euros (73.8%).

Timeline for implementation:

  1. Obtaining a building permit and approval of the project - from 1 to 4 months.
  2. Construction of residential buildings - from 6 to 12 months (in Bodrum building season lasts from October to June).
  3. Implementation of residential buildings (retail sales in full) - an average of 6 months to 2 years.
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