Commercial in city Wuppertal
2500.00 sq.m.

€ 1 200 000

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Germany. Wuppertal. Investment project with an income of EUR 1 million in 18 months.
Investment project for the construction of housing in 42349 Wuppertal Cronenberg, the plot is 3500 m2
The type of the object Land
Object code id4088
Price 1 200 000 €
The City Of Wuppertal
Year of construction in 2018~2019
Floor 1-2-2.5
Total area 2700 m2 of housing + land of 3500 m2
Status: free
The annual income expected during the 18 months 1 000 000 €
Full description:
The site is well located in the centre of the German district Croneberg city Wuppertal
It is proposed plot of land of 3500 m2
There are all approvals for the construction of all the expertise on the ground.
We offer a comprehensive management of the project until its completion.
Considering the sale of newly constructed housing is planned to build 20 apartments and 50 garages
The expected profit of EUR 1 000 000 ~ 1 150 000
- 15% of the profits selling and maintenance of a turnkey project of our company.
We recommend you to join this project with the sum of 2 200 000 Euro (this is a sufficient amount)
The plot and cover all documents and permits - 1 200 000 Euro
At the beginning of the construction works will need 1 000 000 euros
The cost of the full construction works 5 600 000 euros, but the sales we will start the zero cycle immediately.
In our experience 30% of the apartments already immediately sold on the construction stage.
The clarification!
Calculation is very conservative! In hudshow way for the investor!
The price 5.600.000 euros includes the construction of 20 apartments and 50 underground Parking!
House in 2.5 storeys.
Apartments with different areas (part 60-70 m2 and part of 100-120 m2)
This housing will be for people with good incomes, almost everyone has 2 cars or convertible , or motorcycle, etc. There is a demand in this area for a Parking lot in principle, so there is a high probability that the garages will want to remove and neighbors. Possible surrender of the garage for storage with a light barrier, for example.
A garage can cost 20,000 euros approx.
The whole plot 3.448 m2 cal. construction of 0.8 = 2,750 m2
The master plan has a line , which initially provided approx 2.000 m2 of housing approx. 700-800m2 in Commerce.
So conservatively we believe at least !! 2.000 m2 - housing!
But ! It is possible to enter into negotiations with the architectural Department of the city of Wuppertal and agree to transfer part of the land for commercial housing. There are options. In this case, you can go to 2.300 - 2.500 m2, for housing , for example.
What remains for Commerce, can be viewed as a construction office, shop or kindergarten, for example.
The average price of 1 m2 using a German contractor and architect
- 2000 Euro with 50 underground Parking with 2-3 elevators
- 1.800 euros without elevators
- 1.600 euros without elevators and garages
Of course you can try ( and we do) to reduce the cost of construction, but we believe the conservative figures!

Seller information

Seller type Agency
Company YouLand

Location of the property on the map

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