The plot included in the zone of urbanization. The area of land – 7.620 square meters.
It's possible to build 7 villas, LUXURY, with an area of 400 sq. m. or 7 apartment buildings with a total area of 1.220 square meters (only 17 apartments).
It is possible to use these buildings for tourism purposes.
At the site possible construction of a cottage village, with shared gardens and swimming pool.
The possible selling price of villas – 2.000.000-2.500.000 EURO.
Price: 350 EURO/ sq. m. (2.667.000 EURO for the whole plot)
Gross construction area of 2.800 sq. m.
Communal fee is 100 EURO/ sq. m(280,000 EUROS)
The price of the project is 50,000 EUR
Assessment of the construction of LUXURY 3.360.000 EURO (construction economy. class from 600-700 EUROS/ sq. m. including work and materials, the average quality – of 900-1000 EUROS/ sqm.)
Total costs – 6.357.000.
The proceeds from the sale (realization over 2.500.000 EUROS) – 17.500.000 €
The proceeds from the sale (realization over 2.000.000 EUR) – 14.000.000 EUR
Profit from 7.700.000 up to 11.000.000 EUROS
A construction company in Umag, with Russian expertise and experience.
In fact, the purchase of land and payment of utility fee for finished projects to apply for Bank loans.
Possible to obtain credit for 2-3 years, under 8.5-9% per annum.
It is also possible the purchase of land, sporting destination closer to the sea (see the lower illustration), as well as areas for tourist use (for 200 euros per m2) of land for restaurants and sports.facilities, land for shops and small Villa.
In General, this area is planned as a large-scale new construction area on the first or second line of the sea.