Detached house in city San Remo
2192.00 sq.m.

€ 5 500 000
Residential house in size 2192 sq. m, with the reconstruction project, near the sea, in San Remo.
Existing project involves the reconstruction of the building, the creation of 22 apartments and 18 garages. The cost of building a 5 500 000 euros. Costs and other costs according to the developed project about 2 500 000 Euro. The sale of the apartments are of a good level at an average price of 4500 euros/sq.m. depending on the number of floors and views of the sea and garages, value of EUR 50,000 each. The potential profit of approximately 30-35 % of the invested funds. The project can be modified and updated, you can increase or decrease the number of apartments, depending on customer requirements.
The house is located next to the Bicycle path and the sea. There is a small territory.
The demand for renovated apartments close to the sea is very high. The estimated total cost for the purchase of the building and the project - 8 000 000 Euro. The auction is possible. Documents are ready to deal. Additional information is available upon request.

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